The Returns to Education in Entrepreneurship

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The Returns to Education in Entrepreneurship

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dc.contributor.author Iversen, Jens
dc.contributor.author Malchow-Møller, Nikolaj
dc.contributor.author Sørensen, Anders
dc.date.accessioned 2010-12-09
dc.date.accessioned 2011-01-04T15:22:49Z
dc.date.available 2011-01-04T15:22:49Z
dc.date.issued 2011-01-04
dc.identifier.uri http://hdl.handle.net/10398/8225
dc.description.abstract The returns to education in self-employment are addressed in four different specifications of the relationship between log income and years of schooling. The specifications range from a standard Mincer equation with a constant percentage increase in income to an additional year of schooling to the most flexible specification with dummy variables for the different number of years of schooling split into different types of education. Based on the more flexible specifications, important non-linearities and heterogeneity in the returns to education in self-employment are found. These results are robust across different estimation methods: OLS; Heckit correction models to handle sample selection; and IV to deal with the potential endogeneity of years of schooling. Moreover, the results are insensitive to the use of different sample years, different definitions of self-employment, and different income measures for the self-employed. en_US
dc.format.extent 46 en_US
dc.language eng en_US
dc.title The Returns to Education in Entrepreneurship en_US
dc.type wp en_US
dc.accessionstatus modt11jan04 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentshort CEBR en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber x65670318x en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2010 en_US
dc.title.subtitle Heterogeneity and Non-Linearities en_US


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