search query: @author Hamilton, B. / total: 5
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| Author: | Hamilton, B. |
| Title: | Does entrepreneurship pay? An empirical analysis of the returns to self-employment |
| Journal: | Journal of Political Economy
2000 : JUN, VOL. 108:3, p. 604-631 |
| Index terms: | POLITICAL ECONOMY ENTREPRENEURSHIP SELF-EMPLOYMENT |
| Language: | eng |
| Abstract: | Possible explanations for earnings differences in self-employment and paid employment are investigated. The empirical results suggest that the nonpecuniary benefits of self-employment are substantial: Most entrepreneurs enter and persist in business despite the fact that they have both lower initial earnings and lower earnings growth than in paid employment, implying a median earnings differential of 35 percent fro individuals in business for 10 years. |
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