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Title:What Is Left to Residual Claimants? : The Empirics of Income Reported by Entrepreneurs and Workers PDF Logo
Authors:Poutvaara, Panu
Tuomala, Juha
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1178
Abstract:Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs have lower incomes. We also analyze those who changed careers. Those with higher level of education are more likely to switch from entrepreneurship to workers, while education does not explain, in a statistically significant level, switching from being worker to entrepreneurship.
Subjects:entrepreneurs
workers
Finnish labor market
education
JEL:J31
C23
J24
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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