Praag, Mirjam van; Sluis, Justin van der; … - Institute for the Study of Labor (IZA) - 2007
We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent...
