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Entrepreneurship

Blanchflower, D. and Oswald, A. (1993) Entrepreneurship. CEP discussion paper, 134. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 134

Abstract

Do entrepreneurs earn supernormal returns, or does competitive pressure ensure that entrepreneurs receive the same utility as workers? If those who run their own business get supernormal returns (or ''rents'') they should be happier than those who work as employees. The paper tests this hypothesis. It uses survey data from Britain and the United States to show that, in comparison with those in regular forms of employment, the self-employed report significantly higher levels of utility as proxied by overall satisfaction data.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1993 The Authors
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 19 Aug 2008 16:57
Last Modified: 03 Mar 2013 10:27
URI: http://eprints.lse.ac.uk/id/eprint/20982

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