The return-to-entrepreneurship puzzle
Hyytinen, Ari ; Ilmakunnas, Pekka ; Toivanen, Otto
2013
20
January
57-67
entrepreneurship ; income ; working conditions
Business economics
http://dx.doi.org/10.1016/j.labeco.2012.11.002
English
Bibliogr.
"The returns to entrepreneurship are monetary and non-monetary. We offer new evidence on these returns using a large sample of male twins. Our within-twin analysis suggests that OLS estimates are downwards, and panel data estimates upwards biased. The within-twin estimates imply that entrepreneurs earn a negative earnings premium. Our within-twin analysis of non-monetary returns shows that entrepreneurs work longer hours and have greater responsibilities, but also have a greater control over their work."
Paper
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