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We estimate the impact of schooling and capital constraints at the time of startup on the performance of Dutch entrepreneurial ventures, taking into account the potential endogeneity and interdependence of these variables. Instrumental variable estimates indicate that a 1 percentage point...
Persistent link: https://www.econbiz.de/10010325395
measure ‘income’). This is the case even when estimating individual fixed effects of the differential returns to education for …/or whether we use instrumental variables to cope with the endogenous nature of education in income equations. Finally, we find …
Persistent link: https://www.econbiz.de/10010325994
it not only includes data on occupational status for the adoptees and their adoptive parents, but also for their … biological parents. Moreover, we use comparable data on entrepreneurship for a large, representative sample of the Swedish … the probability of children's entrepreneurship by about 60%. We further show that for adoptees, both biological and …
Persistent link: https://www.econbiz.de/10010326312
of schooling in developing economies raises enterprise income by an average of 5.5 percent, which is close to the average …
Persistent link: https://www.econbiz.de/10010324769
Persistent link: https://www.econbiz.de/10010325189
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10010325787
generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …
Persistent link: https://www.econbiz.de/10010325829