How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences …? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of … US labor force participants. We show that education affects peoples’ decisions to become an entrepreneur negatively. We …

by 3.9% on average. Education enhances entrepreneurs' performance both directly—with a rate of return of 13.7%—and … education on entrepreneurs' performance is estimated to be 3.0–4.6%.<P>This discussion paper has resulted in a publication in …

We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels … areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education … atrade-off between the distortions of taxes on effort and the distortionsof education subsidies on the investment in human …

entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …

whereas the height premium in work and life satisfaction is only marginally explained by education. …

undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers … with the same education in jobs that only require their educational level. Similarly, workers with less education than …