Is college education worth it? Evidence from its impacts on entrepreneurship in the United States

Guo, Xuguang; Wei, Chen; Yu, Andy

doi:10.1080/08276331.2015.1104452

Cited by 11 publications

(19 citation statements)

References 65 publications

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“…As aforementioned, the extant literature suggests that human capital has a positive impact on entrepreneurship (van der Sluis et al, 2008;Unger et al, 2011;Levine and Rubinstein, 2017;Zhang and Acs, 2018). African Americans achieve lower level of education, limited access to business training and less management experience in comparison with Whites (Guo et al, 2016). Loftstrom and Bates (2013) found that the difference in educational attainment alone explains roughly 60% of the gap between African American and White start-up entry rates into high-barrier industries.…”

Section: College Education and Self-employmentmentioning

confidence: 99%

“…It enhances both the human capital (van der Sluis et al, 2005Sluis et al, , 2008Unger et al, 2011;van Praag et al, 2013) and social capital (Binks et al, 2006;Sager et al, 2006). Guo et al (2016) investigated the impact of college education on entrepreneurship and found a positive impact. However, they only analyzed the effect of college education on incorporated businesses.…”

Section: Introductionmentioning

confidence: 99%

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Impact of college education on incorporated and unincorporated self-employment: variations among African Americans and Hispanics

Guo

Chen

Iurchenko

2021

NEJE

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PurposeThis study examines the impact of college education on incorporated and unincorporated self-employments. It specifically compares the effects on African Americans and Hispanics with the effects on Whites.Design/methodology/approachThe study sample was drawn from the US Current Population Survey between 1989 and 2018. Based on a sample size of 1,657,043 individuals, this study employed logit regression models to test the hypotheses. Racial variations were examined using African Americans and Hispanics as moderators.FindingsThe results suggest that college education increases incorporated self-employment and reduces unincorporated self-employment. The impact of college education on incorporated self-employment is stronger for African Americans and Hispanics than for Whites. In contrast, its effect on unincorporated self-employment is stronger for Whites than for African Americans and Hispanics.Research limitations/implicationsThe findings provide empirical evidence of how college experience changes the motivation of starting an incorporated or unincorporated business. The results suggest that college education impacts African Americans and Hispanics differently than Whites in pursuing their career path of entrepreneurship.Originality/valueIt is the first study that examines the relationship between college education and incorporated/unincorporated self-employment. It also sheds light on radical variations.

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Section: College Education and Self-employmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Impact of college education on incorporated and unincorporated self-employment: variations among African Americans and Hispanics

Guo

Chen

Iurchenko

2021

NEJE

Self Cite

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“…In addition to the temporal perspective, many scholars have researched entrepreneurship cultivation from a spatial point of view, in which the United States (Worsham and Dees, 2012; Elert et al, 2015; Guo et al, 2016) and the United Kingdom (Matlay, 2009; Henry and Treanor, 2010; Dabic et al, 2016) are frequently discussed. In addition, other developed European countries, such as France (Klapper, 2004; Kövesi, 2017), Germany (Klandt, 2004), and Sweden (Dahlstedt and Fejes, 2017) have also been targeted by existing studies.…”

Section: Related Workmentioning

confidence: 99%

What Entrepreneurial Followers at the Start-Up Stage Need From Entrepreneurship Cultivation: Evidence From Western China

et al. 2019

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Entrepreneurial followers are defined as the crucial members of a specific entrepreneurial team and do not include the leader or normal employees in the present paper. This population can be viewed as indispensable factors in the success of entrepreneurship, especially in the start-up stage. In addition, according to the following time, they can be divided into two groups, namely long-term entrepreneurial followers and short-term entrepreneurial followers. However, studies focusing on entrepreneurship cultivation for entrepreneurial followers are relatively few. The main purpose of this paper is to determine the needs of Chinese entrepreneurial followers in entrepreneurship cultivation from the early stage of entrepreneurship. In this paper, a sample of 200 long-term entrepreneurial followers from Tianfu New Area in China was investigated. To enable the researchers to explore the unique opinions of entrepreneurial followers, a mixed data collection approach that combined interviews and questionnaires was chosen in this study. The results revealed following findings: (a) high levels of social capital, good entrepreneurial opportunities and projects, and highly cooperative teams were viewed as the most important factors for entrepreneurship by entrepreneurial followers in China; (b) most entrepreneurial followers believed that the primary difficulty in the cultivation process was the inefficiency in talent training mechanism; and (c) nearly 40% of samples suggested that the cultivation and enhancement of local talents should be firstly carried out by the Chinese government, indicating a gap between the supporting force for local and returned talents in China. In addition, various types of incentive policies and good environments for talent growth were also considered as important suggestions by entrepreneurial followers. We found that unlike entrepreneurial leaders, entrepreneurial followers focus more on income expectation, and personal development rather than supporting the development of companies in China. These findings should be viewed as priorities when enhancing current entrepreneurship cultivation in China.

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“…As per the researchers Development of entrepreneurship requires three conditions: A standard of young graduates with a great business sense who are developed through Process of practical insight into business education; An incubator that supports the birth of new business ideas and last but not the least government initiatives and support in the form of business policies that promote entrepreneurship and its implementation. (Guo, Chen & Yu, 2016) likewise also studied the impact of college education in self-employment and entrepreneurial opportunities and their income level through the current population survey of data ranging from the year 1989 to 2011. The result PEOPLE: International Journal of Social Sciences ISSN 2454-5899 concluded the students or graduates with college education were more probable and developed an attitude of owning a business than those who didn't have.…”

Section: People: International Journal Of Social Sciences Issn 2454-5899mentioning

confidence: 99%

A Study Examining the Attitude of Uae Vocational Institutes Graduating Students Towards Entrepreneurship

Sumbul¹

2018

pijss

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Entrepreneurship is important for the economy's growth especially in the current time of recession. This paper aims to examine the attitude of graduating students of UAE vocational institutes towards entrepreneurship and also assess its influencing factors. Research highlights the ratio of graduating student intending to start their own business as the majority of Middle East population is expats and family businesses are considered to be very important in Middle Eastern economies, contributing 60% to GDP and employing over 80% of the workforce (Middle East Family Business Survey, 2016). By applying Multivariate regression analysis on the data collected from 4 vocational institutes across UAE through structured questionnaire; it is found that family experience has a significant impact on the positive attitude of graduates towards entrepreneurship. The surprising finding of this paper is that in spite of positive attitude of graduate towards entrepreneurship, their enterprise knowledge is low. Results are encouraging for future studies to compare the entrepreneurial attitude for different nationalities in private and

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Is college education worth it? Evidence from its impacts on entrepreneurship in the United States

Cited by 11 publications

References 65 publications

Impact of college education on incorporated and unincorporated self-employment: variations among African Americans and Hispanics

Impact of college education on incorporated and unincorporated self-employment: variations among African Americans and Hispanics

What Entrepreneurial Followers at the Start-Up Stage Need From Entrepreneurship Cultivation: Evidence From Western China

A Study Examining the Attitude of Uae Vocational Institutes Graduating Students Towards Entrepreneurship

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