Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146635
Authors: 
Bünstorf, Guido
Nielsen, Kristian
Timmermans, Bram
Year of Publication: 
2016
Series/Report no.: 
Joint Discussion Paper Series in Economics 28-2016
Abstract: 
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.
Subjects: 
entrepreneurship
higher education
college dropouts
returns to entrepreneurship
JEL: 
L26
I29
Document Type: 
Working Paper

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