Entrepreneurship Selection and Performance : A Meta-Analysis of the Impact of Education in Developing Economies

By J. van der Sluis, M. van Praag, Wim P. M. Vijverberg. 2005

418 citations recorded by the source corpus.

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.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/30891584187fbc09b5b85665433d5fe0da4671d0

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Citations in the corpus

‘Recession push’ and ‘prosperity pull’ entrepreneurship in a rural developing context (2013, background): “In developing countries, however, better educated individuals often choose to work in wage employment although they prefer entrepreneurship over farming which is shown in a meta-analysis by van der Sluis, van Praag, and Vijverberg ( 2005 ).”
The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs (2014, background): “In a comprehensive meta-analysis of studies of the returns to education for entrepreneurs, Van der Sluis et al. (2005) conclude that entrepreneurship performance, regardless of the performance measure used, is significantly and positively affected by formal education.”
Optimism and chance: The elephants in the entrepreneurship room (2011, neutral): “Van der Sluis et al. (2005) show that there is strong empirical support for this association, even though some of the most spectacularly successful business owners never participated in, or did not complete, higher education.3 The positive link between the founder/owner’s education and new and…”
WHAT HAVE WE LEARNED FROM THREE DECADES OF RESEARCH ON THE PRODUCTIVITY OF PUBLIC CAPITAL (2014, neutral): “In contrast, Van der Sluis et al. (2005) propose to select only one measurement per study and Stanley (1998, 2001) advocates to average across multiple measurements per study.”
How Productive is Public Capital? A Meta-Analysis (2008, background): “Some authors claim that all available estimates (referred to as ‘measurements’) should be included (e.g., Bijmolt and Pieters, 2001), whereas others are strong believers of selecting only one measurement for each study (e.g., Stanley, 1998; and Van der Sluis et al., 2005).”