This paper estimates the effect of school starting age on academic performance using the 2006 "National Assessment of Basic Competencies" (NABC), focusing on disadvantaged and non-disadvantaged children. The instrumental variable estimates of the school starting age imply that those who start...

Venture capital and private equity financing has become an important mechanism for the development and radical transformation of companies worldwide in recent decades. Nevertheless, the venture capital and private equity sector covers only a relatively small proportion of economic activity...