Resource title

Entrepreneurial Human Capital

Resource image

image for OpenScout resource :: Entrepreneurial Human Capital

Resource description

We argue that formal schooling and wage-work experience are complementary typesof human capital for entrepreneurs. Strong empirical support is found for this hypothesisas the interaction term between schooling and actual wage-work experience enterspositively and significantly in a Mincer equation, whereas the effect of schooling in theabsence of wage-work experience is insignificant. These results are extremely robusttowards more flexible specifications, including fixed-effects estimations dealing withunobserved heterogeneity. For wage workers, the interaction term is negligible, confirmingthat the complementarity is a distinct characteristic of entrepreneurial humancapital.

Resource author

Jens Iversen, Nikolaj Malchow-Møller, Anders Sørensen

Resource publisher

Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7990

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