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Income Utility of Female Entrepreneurs’ Households

Author

Listed:
  • Elżbieta Szczygieł
  • Teresa Piecuch

Abstract

This article is concerned with income utility of female entrepreneurs. It presents results of a study conducted among more than 150 women from Podkarpackie Region belonging to two groups: not planning to start their own business, and already engaged in these activities. The aim of this article is to show the relationship between entrepreneurial status and assessment of income utility in women`s households. Collected data were subject to statistical analysis including presentation of income distribution parameters in both groups, and estimating the parameters of the utility function of income based on van Praag’s model using a log-normal distribution. The results confirmed the hypothesis that compared to the group of non-entrepreneurs, women running their own business would require a higher income level to report the same level of utility.

Suggested Citation

  • Elżbieta Szczygieł & Teresa Piecuch, 2015. "Income Utility of Female Entrepreneurs’ Households," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 41.
    • Handle: RePEc:eko:ekoeko:41_95
    DOI: 10.17451/eko/41/2015/116
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/763
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    References listed on IDEAS

    as
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    2. Becker, Gary S., 1992. "The Economic Way of Looking at Life," Nobel Prize in Economics documents 1992-1, Nobel Prize Committee.
    3. Gary S. Becker, 1994. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition," NBER Books, National Bureau of Economic Research, Inc, number beck94-1, March.
    4. Blundell,R. W. & Preston,Ian & Walker,Ian (ed.), 1994. "The Measurement of Household Welfare," Cambridge Books, Cambridge University Press, number 9780521451956.
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