The return-to-entrepreneurship puzzle

Ari Hyytinen; Pekka Ilmakunnas; Otto Toivanen

doi:10.1016/j.labeco.2012.11.002

The return-to-entrepreneurship puzzle

Ari Hyytinen
, Pekka Ilmakunnas^*
, Otto Toivanen

^*Huvudförfattare för detta arbete

Nationalekonomi, Helsingfors

Forskningsoutput: Tidskriftsbidrag › Artikel › Vetenskaplig › Peer review

68 Citeringar (Scopus)

Sammanfattning

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.

Originalspråk	Engelska
Referentgranskad vetenskaplig tidskrift	Labour economics
Volym	20
Nummer	January 2013
Sidor (från-till)	57-67
Antal sidor	11
ISSN	0927-5371
DOI	https://doi.org/10.1016/j.labeco.2012.11.002
Status	Publicerad - 08.11.2012
MoE-publikationstyp	A1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

511 Nationalekonomi

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10.1016/j.labeco.2012.11.002

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KW - Entrepreneurship

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KW - Non-monetary returns

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The return-to-entrepreneurship puzzle

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