Steve Jobs or No Jobs? Entrepreneurial activity and performance among Danish college dropouts and graduates
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- 作者：Guido Buenstorf ; Kristian Nielsen ; Bram Timmermans
- 关键词：Entrepreneurship ; Higher education ; College dropouts ; Returns to entrepreneurship
- 刊名：Small Business Economics
- 出版年：2017
- 出版时间：January 2017
- 年：2017
- 卷：48
- 期：1
- 页码：179-197
- 全文大小：
- 刊物类别：Business and Economics
- 刊物主题：Management; Microeconomics; Entrepreneurship; Industrial Organization;
- 出版者：Springer US
- ISSN：1573-0913
- 卷排序：48
文摘
Are college dropouts successful entrepreneurs? Other than anecdotal evidence on illustrious college dropouts who managed to become self-made billionaires, there is only limited empirical evidence to answer this question. This paper addresses this issue by investigating the relationship between college dropout or graduation and entrepreneurship activity as well as performance. Using information from the Danish labor market register, we identify college students, whether these students graduate, and if they registered a new venture. We find that a larger share of dropouts starts a business, but this reflects the endogeneity of the decision to exit from college. On average, becoming an entrepreneur does not allow dropouts to escape from their punishment in the labor market.