Economic Returns to Occupational Choice

Jagannadha Pawan Tamvada ()
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Jagannadha Pawan Tamvada: University of Southampton

Chapter 3 in Microentrepreneurship in a Developing Country, 2021, pp 49-68 from Springer

Abstract: Abstract This chapter examines returns to entrepreneurship using a standard measure of welfare, the per-capita consumption expenditure. Using quantile regressions, the analysis reveals the existence of a welfare hierarchy in occupations. The results suggest that across the welfare distribution, entrepreneurs who employ others have the highest 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 a relative escape from poverty.

Keywords: Economic returns; Occupations; Quantile regressions; Welfare hierarchy; Poverty (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-68628-4_3

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DOI: 10.1007/978-3-030-68628-4_3

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