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Entrepreneurship and Welfare

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  • Tamvada, Jagannadha Pawan

Abstract

We examine returns to entrepreneurship using a standard measure of welfare, the per capita consumption xpenditure. Using quantile regressions, we find welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the high-test 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 labour and an escape from poverty.

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/rp2009/RP2009-21.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Research Paper RP2009/21.

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Length: 25
Date of creation: 2009
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Handle: RePEc:unu:wpaper:rp2009-21

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Keywords: entrepreneurship; self-employment; welfare; developing countries; quantile regressions;

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Cited by:
  1. Naude, Wim, 2009. "Entrepreneurship is not a Binding Constraint on Growth and Development in the Poorest Countries," Working Paper Series Research Paper No. 2009-4, World Institute for Development Economic Research (UNU-WIDER).
  2. Martin Binder & Alex Coad, 2010. "Life satisfaction and self-employment: A matching approach," SPRU Working Paper Series 194, SPRU - Science and Technology Policy Research, University of Sussex.
  3. Alex Coad & Jaganaddha Tamvada, 2012. "Firm growth and barriers to growth among small firms in India," Small Business Economics, Springer, vol. 39(2), pages 383-400, September.

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