Niklas Elert, Research Institute of Industrial Economics (IFN) & Fredrik Andersson, Örebro university & Karl Wennberg, The Ratio institute and Stockholm School of Economics. The collaboration leading up to this paper was initiated when Elert was a Ph.D. candidate at Örebro University and an associate at The Ratio Institute.
Abstract: This paper studies the long-term impact of entrepreneurship education and training in high school on entrepreneurial entry, performance, and survival. Using propensity score matching, we compare three Swedish cohorts from Junior Achievement Company Program (JACP) alumni with a matched sample of similar individuals and follow these for up to 16 years after graduation. We find that while JACP participation increases the long-term probability of starting a firm as well as entrepreneurial incomes, there is no effect on firm survival.