Journal article
Steve Jobs or No Jobs? Entrepreneurial activity and performance among Danish college dropouts and graduates



Publication Details
Authors:
Bünstorf, G.; Nielsen, K.; Timmermans, B.
Publisher:
SPRINGER
Publication year:
2017
Journal:
Small Business Economics
Pages range:
179-197
Volume number:
48
Issue number:
1
Start page:
179
End page:
197
Number of pages:
19
ISSN:
0921-898X

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.


Keywords
College dropouts, Returns to entrepreneurship

Last updated on 2019-25-07 at 15:37