ABSTRACT
Human capital is sometimes viewed as the primary variable that influences economic development (Lucas, 1988). Thus, various measures of human capital have been central to much of the literature on the impact of individual characteristics on business survival and success of young, small businesses (Van Praag, 2003). Notable studies of self-employment have been carried out by Bates (1990), Blanchflower and Meyer (1994), Blanchflower and Oswald (1998), Evans and Leighton (1989), and Van Praag and Van Ophem (1995), with the goal of assessing the impact of human capital on the success or survival of these businesses. The results of such studies have not been consistent (see Storey, 1994).
