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Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10011380037
The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and Bayesian analysis in order to analyze to what degree violations of the strong validity assumption affect the...
Persistent link: https://www.econbiz.de/10011381026
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Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10008826247
This paper takes a holistic approach to investigate SME financing patterns in Europe by performing a cluster analysis … including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not homogenous but that …
Persistent link: https://www.econbiz.de/10013011565
Persistent link: https://www.econbiz.de/10011610530
The vast majority of firms in Europe are micro firms. Still, we know little about their financing patterns. Our paper …
Persistent link: https://www.econbiz.de/10011859838
This EIF Working Paper takes a holistic approach to investigate SME financing patterns in Europe by performing a … cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not …
Persistent link: https://www.econbiz.de/10011861130