Saved by the bell? The effects of compulsory schooling laws on self-employment and earnings in Australia

Pankaj C. Patel ()
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Pankaj C. Patel: Villanova School of Business, Villanova University

Journal of Evolutionary Economics, 2024, vol. 34, issue 1, No 8, 227-296

Abstract: Abstract Extending the research on secondary education and entrepreneurship, we ask whether compulsory schooling laws influence selection into and earnings from self-employment. We exploit the increase in the minimum school-leaving age from 14 to 15 in the mid-1960s in Victoria and South Australia. The findings show that for both males and females, likelihood and income from self-employment declined. The additional year of schooling did not influence self-employment through cognitive abilities, locus of control, well-being outcomes, or Big-Five personality dimensions.

Keywords: Self-employment; Compulsory education law; Earnings (search for similar items in EconPapers)
JEL-codes: I20 J24 L26 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s00191-023-00846-2

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