Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/123189 
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper No. 5540
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We exploit Germany’s reunification to identify how school-age education affects entrepreneurial intentions. We look at university students in reunified Germany who were born before the Iron Curtain fell. During school age, all students in the West German control group received formal and informal education in a free-market economy, while East German students did or did not receive free-market education. Difference-in-differences estimations show that school-age education in a free-market economy increases entrepreneurial intentions. An event study supports the common-trends assumption. Results remain robust in matched samples and when we exploit within-student variation in occupational intentions to control for unobserved individual characteristics.
Subjects: 
entrepreneurship
socialism
formal education
informal education
JEL: 
L26
I21
J24
P30
Document Type: 
Working Paper
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