Publication
Title
The higher returns to formal education for entrepreneurs versus employees
Author
Abstract
How valuable is formal education for entrepreneurs income relative to employees? And if the income returns to formal education are different for entrepreneurs vis-a`-vis employees, what might be a plausible explanation? To explore these questions, we analyze a large representative US panel. We show that entrepreneurs have higher returns to formal education than employees. We refer to this as the entrepreneurship returns puzzle. We run post hoc analyses to explore a number of potential explanations of this puzzle. Indirectly, our analysis indicates that the higher returns to formal education for entrepreneurs might be due to the fewer organizational constraints they face, leading to more personal control over how to use their human capital, compared to employees.
Language
English
Source (journal)
Small business economics: an international journal. - Dordrecht
Publication
Dordrecht : 2013
ISSN
0921-898X
Volume/pages
40(2013), p. 1-22
ISI
000314089400013
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 30.05.2013
Last edited 10.09.2017
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