Entrepreneurship, College and Credit: The Golden Triangle
We develop a model to evaluate the impact of college education finance on welfare, inequality and aggregate outcomes. Our model captures the stylized fact that entrepreneurs with college are more common and more profitable. Our calibration to US data suggests this is mainly because higher labor earn...
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Institutional Knowledge at Singapore Management University
2016
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| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soe_research/1848 https://ink.library.smu.edu.sg/context/soe_research/article/2847/viewcontent/08_2016.pdf |
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sg-smu-ink.soe_research-28472016-06-09T09:12:21Z Entrepreneurship, College and Credit: The Golden Triangle Samaniego, Roberto M SUN, Juliana Yu We develop a model to evaluate the impact of college education finance on welfare, inequality and aggregate outcomes. Our model captures the stylized fact that entrepreneurs with college are more common and more profitable. Our calibration to US data suggests this is mainly because higher labor earnings allow college educated agents to ameliorate credit constraints when they become entrepreneurs. The welfare benefits of subsidizing education are greater than those of eliminating financing constraints on education because subsidies ameliorate the impact of financing constraints on would-be entrepreneurs. 2016-04-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1848 https://ink.library.smu.edu.sg/context/soe_research/article/2847/viewcontent/08_2016.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economic Theory |
| institution |
Singapore Management University |
| building |
SMU Libraries |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
SMU Libraries |
| collection |
InK@SMU |
| language |
English |
| topic |
Economic Theory |
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Economic Theory Samaniego, Roberto M SUN, Juliana Yu Entrepreneurship, College and Credit: The Golden Triangle |
| description |
We develop a model to evaluate the impact of college education finance on welfare, inequality and aggregate outcomes. Our model captures the stylized fact that entrepreneurs with college are more common and more profitable. Our calibration to US data suggests this is mainly because higher labor earnings allow college educated agents to ameliorate credit constraints when they become entrepreneurs. The welfare benefits of subsidizing education are greater than those of eliminating financing constraints on education because subsidies ameliorate the impact of financing constraints on would-be entrepreneurs. |
| format |
text |
| author |
Samaniego, Roberto M SUN, Juliana Yu |
| author_facet |
Samaniego, Roberto M SUN, Juliana Yu |
| author_sort |
Samaniego, Roberto M |
| title |
Entrepreneurship, College and Credit: The Golden Triangle |
| title_short |
Entrepreneurship, College and Credit: The Golden Triangle |
| title_full |
Entrepreneurship, College and Credit: The Golden Triangle |
| title_fullStr |
Entrepreneurship, College and Credit: The Golden Triangle |
| title_full_unstemmed |
Entrepreneurship, College and Credit: The Golden Triangle |
| title_sort |
entrepreneurship, college and credit: the golden triangle |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2016 |
| url |
https://ink.library.smu.edu.sg/soe_research/1848 https://ink.library.smu.edu.sg/context/soe_research/article/2847/viewcontent/08_2016.pdf |
| _version_ |
1770572980639760384 |