Entrepreneurship Selection and Performance

Justin van der Sluis (), Mirjam Praag and Wim Vijverberg
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Justin van der Sluis: Department of Economics, University of Amsterdam

No 03-046/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and performance in developing economies looks at variations in impact across specific characteristics of the studies. A marginal year of schooling in developing economies raises enterprise income by an average of 5.5 percent, which is close to the average return in industrial countries. The return varies, however, by gender, rural or urban residence, and the share of agriculture in the economy. Furthermore, more educated workers typically end up in wage employment and prefer nonfarm entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women, possibly stronger in urban areas, and also stronger in the least developed economies, where agriculture is more dominant and literacy rates are lower.

This paper has resulted in a publication in The World Bank Economic Review

Keywords: Meta-analysis; schooling; education; entrepreneurship; self-employment; performance; occupational choice. (search for similar items in EconPapers)
JEL-codes: J23 J24 J31 M13 (search for similar items in EconPapers)
Date: 2003-06-13, Revised 2004-09-24
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20030046

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