Why are the returns to education higher for entrepreneurs than for employees
Pages: 18 - 24
Published: Jan 1, 2006
Abstract
Why Are the Returns to Education Higher for Entrepreneurs than for Employees? 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 and 9.9 percent, respectively). We perform various analyses in an attempt to...
Paper Details
Title
Why are the returns to education higher for entrepreneurs than for employees
Published Date
Jan 1, 2006
Pages
18 - 24
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