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. Education and entrepreneurship are both influenced by other related factors. The current study estimates causal effects of … formal education on entrepreneurship outcomes by instrumenting for an individual's years of schooling using cohort mean years … education for men. The results suggest that formal education enhances entrepreneurship. …
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Education is argued to be an important driver of the decision to start a business. The measurement of its influence … US. Theeffect of education on the decision to become self-employed is found to be strongly positive,much higher than the … estimated effect in case no instrumental variables are used. That is, thehigher the respondent's level of education, the greater …
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