Justin van der Sluis

How valuable is formal education for entrepreneurs’ income relative to employees’? And if the income returns to formal education are different for entrepreneurs vis-à-vis employees, what might be a plausible explanation? To explore these questions, we analyze a large representative US panel. We show that entrepreneurs have higher returns to formal...

How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education affects peoples’ decisions to become an entrepreneur nega...

How valuable are cognitive and social abilities for entrepreneurs' incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math ability, language ability) and social ability affect earnings...

How valuable are cognitive and social abilities for entrepreneurs’ incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math ability, language ability) and social ability affect earnings...

This paper provides a review of empirical studies into the impact of formal schooling on entrepreneurship selection and performance in industrial countries. We describe the main effects found in the literature, we explain the variance in results across almost a hundred studies, and we put the empirical results in the context of related economic the...

We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent and 9.9 percent, respectively). We perform various analy...

Bij ongeveer de helft van de (echt)scheidingen vindt pensioendeling plaats. En als dat niet gebeurt, is dat in bijna driekwart van de gevallen een bewuste keuze. Daarmee is de doelstelling van Wet Verevening Pensioenrechten bij Scheiding (WVPS) die in 1995 in werking is getreden, grotendeels bereikt. Dit concludeert SEO Economisch Onderzoek in het...

Introduction In this chapter, we study the effects of human capital investments for the 10% of the labour force that is often neglected in such studies, i.e. for entrepreneurs. Entrepreneurs are defined as individuals who are self-employed, who have started their own business or who run and own an incorporated business. Policy-makers and academic r...

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...

This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and performance in developing economies looks at variations in 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...

In the management literature, the locus-of-control concept has been applied extensively over the past three decades. This research note reports the results of a panel data study among a representative sample of 6,111 US young citizens who have been interviewed on a regular basis over a period of about two decades. In addition to this, various relev...

This paper provides an analytical review of empirical studies into the impact of schooling on entrepreneurship selection and performance in less developed countries. We analyze the variation of this impact across various characteristics of studies. We find that a marginal year of schooling raises enterprise income by an average of 5.5 percent, whic...

The returns to education (RTE) for entrepreneurs, unlike for employees, have not yet been estimated by methods coping with the potential endogeneity problem. We estimate the RTE for entrepreneurs and employees while testing for and coping with this problem. Our results derived from a large US sample strongly indicate that OLS renders downward biase...

This paper provides a meta-analytical review of empirical studies into the impact of schooling on entrepreneurship selection and performance. We first describe the main effects found in the current entrepreneurship literature. We then explain the variance in results across the hundreds of empirical studies by means of an analysis of variance. Five...

The entrepreneurship literature has not yet acknowledged that neglecting heterogeneity in the returns to education and/or neglecting the endogeneity of the schooling decision causes biased estimates of the returns to education. This paper is the first to apply methodologies (on U.S. data) to estimate the returns to education for entrepreneurs in or...

This paper provides a review of empirical studies into the impact of formal schooling on entrepreneurship selection and performance in industrial countries. We describe the main effects found in the literature and we explain the variance in results across the hundreds of studies. Five main conclusions result from this meta-analysis. First, the impa...

To what extent does formal schooling, one of the most prominent manifestations of human capital, affect entrepreneurship perform-ance? And, how large are these returns to education for entrepreneurs relative to employees? These are the questions we address and answer in this paper. Based on a meta-analysis of studies analyzing the rela-tionship bet...

This paper has resulted in a publication in The World Bank Economic Review , 2005, 19(2), 225-61

Entrepreneurs are often seen as the engine of the economy, responsible for sustained levels of competition, the creation of jobs, and new innovating processes and products. However, the question remains in which way optimal stimulation of entrepreneurial performance can be achieved. There are two factors that both academic scholars and policy maker...