Entrepreneurship and welfare |
| |
Authors: | Jagannadha Pawan Tamvada |
| |
Affiliation: | (1) Entrepreneurship, Growth and Public Policy Group, Max Planck Institute of Economics, Kahlaische Strasse 10, 07745 Jena, Germany |
| |
Abstract: | Here, I examine returns to entrepreneurship using a standard measure of welfare, the per-capita consumption expenditure. This analysis, using quantile regressions, reveals the existence of a welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the highest returns in terms of consumption, while those entrepreneurs who work for themselves, that is, self-employed individuals, have slightly lower returns than the salaried employees. However, self-employment entails higher returns than casual labor and a relative escape from poverty. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|