Entrepreneurship Selection and Performance: A Meta-Analysis of the Impact of Education in Developing Economies

Posted: 29 Feb 2008

See all articles by Justin van der Sluis

Justin van der Sluis

University of Amsterdam (UvA); Tinbergen Institute

Mirjam van Praag

University of Amsterdam - Department of Economics; Copenhagen Business School; Tinbergen Institute; IZA Institute of Labor Economics

Wim P.M. Vijverberg

CUNY The Graduate Center - Department of Economics; IZA Institute of Labor Economics

Date Written: 2005

Abstract

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 the average return in industrial countries. The return varies, however, by gender, rural or urban residence, and the share of agriculture in the economy. Furthermore, more educated workers typically end up in wage employment and prefer nonfarm entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women, possibly stronger in urban areas, and also stronger in the least developed economies, where agriculture is more dominant and literacy rates are lower.

Keywords: tuberculosis, DOTS, direct observation, patient adherence, Pakistan

Suggested Citation

van der Sluis, Justin and van Praag, Mirjam and van Praag, Mirjam and Vijverberg, Wim, Entrepreneurship Selection and Performance: A Meta-Analysis of the Impact of Education in Developing Economies ( 2005). The World Bank Economic Review, Vol. 19, Issue 2, pp. 225-261, 2005, Available at SSRN: https://ssrn.com/abstract=916899

Justin Van der Sluis (Contact Author)

University of Amsterdam (UvA) ( email )

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Tinbergen Institute

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Mirjam Van Praag

University of Amsterdam - Department of Economics ( email )

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Copenhagen Business School ( email )

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Tinbergen Institute

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IZA Institute of Labor Economics

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Wim Vijverberg

CUNY The Graduate Center - Department of Economics ( email )

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IZA Institute of Labor Economics

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