Entrepreneurship and Welfare

From:
Department for International Development
Published
1 January 2009
Document Type:
Research Paper
Theme:
Economic Growth
Authors:
Tamvada, J.P.

Abstract

We examine returns to entrepreneurship using a standard measure of welfare, the percapita consumption expenditure. The 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.

Citation

Tamvada, J.P. Entrepreneurship and Welfare. UNU-WIDER, Helsinki, Finland (2009) 25 pp. ISBN 978-92-9230-190-3 [WIDER Research Paper No. 2009/21]

Entrepreneurship and Welfare

Published 1 January 2009
Contents