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Title: Identifying the Effect of College Education on Business and Employment Survival
Resulting in 1 citation.
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Asoni, Andrea Sanandaji, Tino |
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Identifying the Effect of College Education on Business and Employment Survival Small Business Economics 46,2 (February 2016): 311-324. Also: http://link.springer.com/article/10.1007/s11187-015-9686-5 Cohort(s): NLSY79 Publisher: Springer Keyword(s): Armed Forces Qualifications Test (AFQT); College Degree; Educational Attainment; Employment; Locus of Control (see Rotter Scale); Self-Employed Workers Permission to reprint the abstract has not been received from the publisher. We use a multipronged identification strategy to estimate the effect of college education on business and employment survival. We account for the endogeneity of both education and business ownership with a competing risks duration model augmented with a college selection equation. We estimate the model jointly on the self-employed and salaried employees in the National Longitudinal Survey of Youth 1979. Unlike most previous studies, we find that college does not increase business survival. By contrast, a college degree significantly increases employment survival. Cognitive skills have a positive impact on survival for both the self-employed and employees. These findings suggest that college benefits the self-employed less than salaried, perhaps by generating skills more useful in employment than self-employment, or because of differences in the value of signaling. |
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Bibliography Citation
Asoni, Andrea and Tino Sanandaji. "Identifying the Effect of College Education on Business and Employment Survival." Small Business Economics 46,2 (February 2016): 311-324.
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