This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship in selection and performance in developing economies looks at variations impact across specific characteristics of the studies. A marginal year of schooling in developing economies raises enterprise income by an average of 5.5 percent, which is close to the average return in industrial countries. The return varies, however, by gender, rural or urban residence, and the share of agriculture in the economy. Furthermore, more educated workers typically end up in wage employment and prefer nonfarm entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women, possibly stronger in urban areas, and also stronger in the least developed economies, where agriculture is more dominant and literacy rates are lower.
Details
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Author
Van Praag,Celine Mirjam, Sluis, Justin van der, Vijverberg,Wim P.
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Document Date
2005/05/01
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Document Type
Journal Article
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Report Number
77489
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2013/05/23
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Disclosure Status
Disclosed
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Doc Name
Entrepreneurship selection and performance : a meta-analysis of the impact of education in developing economies
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Keywords
Entrepreneurship;female labor force participation rates;years of schooling;education and economic growth;higher level of education;average rate of return;integrated models;return to education;standard error;upper secondary schooling;returns to schooling;impact of education;estimation of equation;human capital variables;economies in transition;proportion of woman;parameter estimate;national economic growth;quality of education;access to schooling;slack agricultural season;rate of illiteracy;agriculture and industry;labor force participant;access to capital;investments in education;investment in school;labor market experience;labor force work;labor market participant;industrial country;wage employment;regression model;
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Citation
Van Praag,Celine Mirjam Sluis, Justin van der Vijverberg,Wim P.
Entrepreneurship selection and performance : a meta-analysis of the impact of education in developing economies (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/686181468152720536/Entrepreneurship-selection-and-performance-a-meta-analysis-of-the-impact-of-education-in-developing-economies