The role of secondary and higher education on the entrepreneurship rates in the European Union

Alfredo Jiménez Palmero, Carmen Palmero Cámara y Alfredo Jiménez Eguizábal

DOI:

This paper offers the results of a research study conducted to understand the impact of secondary and higher education on entrepreneurship rates. Following a multi-country approach, we analyze the different impact of educational levels on formal, informal and total entrepreneurship. The results show that secondary and higher education increase the self-confidencelevel, reduce perceived risks and provide knowledge, skills, resources and contacts needed to successfully face all the difficulties associated with the creation of a formal company. Simultaneously, they increase consciousness and sensitivity towards the possible negative implications derived from informal entrepreneurship, which ultimately also impact total entrepreneurship negatively. These results revalue the utility of secondary and higher education, suggest curricular policy changes and highlight the crucial role of education, not only on the economic activity and the creation of companies, but also, from an axiological perspective, on the promotion of an ethical entrepreneurs´ behaviour.

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