The Effects of Entrepreneurship Education

Georg von Graevenitz (1) , Dietmar Harhoff (1, 2) , Richard Weber (3)

1 LMU Munich School of Management
2 Centre for Economic Policy Research (CEPR)
3 LMU EC (Entrepreneurship Center)

Entrepreneurship education ranks high on policy agendas in Europe and the US, but little research is available to assess its impact. To help close this gap we investigate whether entrepreneurship education affects intentions to be entrepreneurial uniformly or whether it leads to greater sorting of students. The latter can reduce the average intention to be entrepreneurial and yet be socially beneficial. This paper provides a model of learning in which entrepreneurship education generates signals to students. Drawing on the signals, students evaluate their aptitude for entrepreneurial tasks. The model is tested using data from a compulsory entrepreneurship course. Using ex ante and ex post survey responses from students, we find that intentions to found decline somewhat although the course has significant positive effects on students' self-assessed entrepreneurial skills. The empirical analysis supports the hypothesis that students receive informative signals and learn about their entrepreneurial aptitude. We outline implications for educators and public policy.

Mots clés: D83; J24; L26; M13; entrepreneurship; education; Bayes' Rule; learning; signals

Domaines: Économie et finance quantitative [q-fin]

Georg von Graevenitz, Dietmar Harhoff, Richard Weber. The Effects of Entrepreneurship Education. Journal of Economic Behavior and Organization, 2010, 76 (1), pp.90. ⟨10.1016/j.jebo.2010.02.015⟩. ⟨hal-00856605⟩