Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124882
Authors: 
Falck, Oliver
Gold, Robert
Heblich, Stephan
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9373
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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