Entrepreneurship among veterans: Comparative evidence from recent surveys
利用两项全国调查数据，比较退伍军人与非退伍军人的创业倾向及财务成功度，发现退伍军人创业率更低、收入更少、财务满意度更低，但女性、黑人和高学历退伍军人相对更可能创业。
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.