Is college education worth it? Evidence from its impacts on entrepreneurship in the United States. (2nd January 2016)

• Record Type: Journal Article
• Authors: Guo, Xuguang; Chen, Wei; Yu, Andy
• Is Part Of: Journal of small business and entrepreneurship. Volume 28:Number 1(2016)
• Page Start: 1
• Page End: 26
• Publication Date: 2016-01-02
• Subjects: college education -- self-employment -- entrepreneurial income -- minority entrepreneurs; éducation supérieure -- auto-emploi -- revenu des entrepreneurs -- entrepreneurs issus des minorités ethniques; Small business -- Periodicals; Small business -- Canada -- Periodicals; Entrepreneurship -- Periodicals; Petites et moyennes entreprises -- Périodiques; Petites et moyennes entreprises -- Canada -- Périodiques; Entrepreneurs (Économie politique) -- Périodiques; 658.022
• DOI: 10.1080/08276331.2015.1104452
• Languages: English
• ISSNs: 0827-6331

Abstract

Abstract : Using the Current Population Survey (CPS) March Supplement data between 1989 and 2011, the article examines the impacts of college education on the likelihood of self-employment and on entrepreneurs' annual income in the United States. The primary results suggest that individuals with college education are more likely to have their own businesses than those without; entrepreneurs with college education receive a significantly higher annual income than those without. Specifically, college education is more effective in promoting Black and Hispanic entrepreneurs than other ethnic groups. Women with a college degree are more inclined to be self-employed and earn more than those without college education. However, the influences of college education are stronger for men than for women on self-employment and annual income.