Do you dare? The effect of economic conditions on entrepreneurship among college graduates.

Autor/in	Beiler, Hendrik
Titel	Do you dare? The effect of economic conditions on entrepreneurship among college graduates.
Quelle	In: Labour economics, (2017) 47, S. 64-74 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0927-5371
DOI	10.1016/j.labeco.2017.05.003
Schlagwörter	Unternehmensgründung; Ökonomische Determinanten; Berufsgruppe; Studienfach; Konjunkturabhängigkeit; Hochschulabsolvent; Berufsanfänger
Abstract	"I estimate the effect of economic conditions on the decision to enter entrepreneurship after graduation from college. I proxy for economic conditions at the field of study level, constructed from industry growth rates which I map to fields of study using the average industry - college major distribution. This setup allows controlling for unobserved differences between graduation cohorts such as technological change or shifts in cohort composition. Based on German survey data, I find that a one percentage point increase in field-specific employment growth in the year of graduation raises entry into entrepreneurship by about 30% in the first year after graduation. The effect halves in the second year and is close to zero in the third and fourth years after graduation. Exit from entrepreneurship decreases slightly when economic conditions at graduation improve. Taken together, my results imply that 'lucky' graduation cohorts are persistently more likely to engage in entrepreneurship than 'recessionary' cohorts, at least during the first four years after graduation that I examine." (Author's abstract, © 2017 Elsevier).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2018/2