The DOI matches its Crossref record; 103 of the 103 references it cites were found in a registry or an index.
EDUCATION AND ENTREPRENEURSHIP SELECTION AND PERFORMANCE: A REVIEW OF THE EMPIRICAL LITERATURE
Abstract
Abstract This paper provides a review of empirical studies into the impact of formal schooling on entrepreneurship selection and performance in industrial countries. We describe the main effects found in the literature, we explain the variance in results across almost a hundred studies, and we put the empirical results in the context of related economic theory and the much further developed literature in labor economics (studying the rate of return to education among wage employees). Five main conclusions result from this meta‐analysis. First, the impact of education on selection into entrepreneurship is insignificant. Second, the effect of education on performance is positive and significant. Third, the return to a marginal year of schooling is 6.1% for an entrepreneur. Fourth, the effect of education on earnings is smaller for entrepreneurs than for employees in Europe, but larger in the USA. Fifth, the returns to schooling in entrepreneurship are higher in the USA than in Europe, higher for females than for males, and lower for non‐whites or immigrants. In conclusion, we offer a number of suggestions to move the research frontier in this area of inquiry. The entrepreneurship literature on education can benefit from the technical sophistication used to estimate the returns to schooling for employees.
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Cites
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Balanced Skills and Entrepreneurship
Lazear, E. P. (2004) · American Economic Review · doi:10.1257/0002828041301425 · Cited by 1,027
The impact of entrepreneurship education in high school on long-term entrepreneurial performance
Elert, N., Andersson, F. W., & Wennberg, K. (2015) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2014.12.020 · Cited by 290
Self-employment and work-related stress: The mediating role of job control and job demand
Hessels, J., Rietveld, C. A., & van der Zwan, P. (2017) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2016.10.007 · Cited by 267
Survey on Machine Learning Biases and Mitigation Techniques
Siddique, S., Haque, M. A., George, R., Gupta, K. D., Gupta, D., & Faruk, M. J. H. (2023) · Digital · doi:10.3390/digital4010001 · Cited by 78
Entrepreneurial spawning and knowledge-based perspective: A meta-analysis
Garrett, R. P., Miao, C., Qian, S., & Bae, T. J. (2017) · Small Business Economics · doi:10.1007/s11187-017-9842-1 · Cited by 33
Metadata
- Authors
- Van Der Sluis, J., Van Praag, M., & Vijverberg, W.
- Venue
- Journal of Economic Surveys
- Publisher
- Wiley
- Published
- 2008-11-03
- Volume
- 22
- Issue
- 5
- Pages
- 795-841
- ISSN
- 0950-0804 (ISSN-L)
- 1467-6419
- OpenAlex
- W2120429936
- Cited by
- 616
- References
- 103
- FWCI
- 25.19
- Type
- journal article
- Language
- en
- Open access
- closed
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- Van Der Sluis, J., Van Praag, M., & Vijverberg, W. (2008). EDUCATION AND ENTREPRENEURSHIP SELECTION AND PERFORMANCE: A REVIEW OF THE EMPIRICAL LITERATURE. Journal of Economic Surveys. https://doi.org/10.1111/j.1467-6419.2008.00550.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
