Entrepreneurship among veterans: Comparative evidence from recent surveys

Entrepreneurship among veterans: Comparative evidence from recent surveys

The large literature on the correlates of entrepreneurship pays little attention to America’s military Veterans. We leverage two national surveys with rich demographic and behavioural data to estimate how military experience relates to entrepreneurship and financial success. After accounting for dem...

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Veröffentlicht in:International small business journal 2024-09
Hauptverfasser: Phipps, Aaron, Skimmyhorn, William
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container_title International small business journal
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creator Phipps, Aaron
Skimmyhorn, William
description The large literature on the correlates of entrepreneurship pays little attention to America’s military Veterans. We leverage two national surveys with rich demographic and behavioural data to estimate how military experience relates to entrepreneurship and financial success. After accounting for demographic differences, Veterans are less likely to become entrepreneurs than their peers. Veteran entrepreneurs also earn less and have lower financial satisfaction. These results contradict the common narrative and theoretical expectation that average military experience imparts human capital that prepares Veterans for entrepreneurship. We also find that female, Black and more educated Veterans are relatively more likely to pursue entrepreneurship. JEL Codes: L26, J23, J24.
doi_str_mv 10.1177/02662426241278216
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title Entrepreneurship among veterans: Comparative evidence from recent surveys
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