Entrepreneurship and welfare

Jagannadha Pawan Tamvada

Research output: Contribution to journalArticle

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.
Original languageEnglish
Pages (from-to)65-79
Number of pages15
JournalSmall Business Economics
Volume34
Issue number1
Early online date6 May 2009
DOIs
Publication statusPublished - Jan 2010

Bibliographical note

© The Author(s) 2009. This article is published with open access at Springerlink.com

Keywords

  • developing countries
  • entrepreneurship
  • quantile regressions
  • self-employment
  • welfare

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