Entrepreneurship and welfare

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.

Publication DOI: https://doi.org/10.1007/s11187-009-9195-5
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: © The Author(s) 2009. This article is published with open access at Springerlink.com
Uncontrolled Keywords: developing countries,entrepreneurship,quantile regressions,self-employment,welfare,Economics and Econometrics,Business, Management and Accounting(all)
Publication ISSN: 1573-0913
Full Text Link: http://www.spri ... 831635036205j2/
Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2010-01
Published Online Date: 2009-05-06
Authors: Tamvada, Jagannadha Pawan

Download

[img]

Version: Published Version


Export / Share Citation


Statistics

Additional statistics for this record