Entrepreneurship Selection and Performance : A Meta-Analysis of the Impact of Education in Developing Economies
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Published by Oxford University Press on behalf of the World Bank
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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 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.
Palabras clave
entrepreneurship, education, nonfarm employment, wage employment, labor markets