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Entrepreneurship, Happiness and Supernormal Returns: Evidence from Britain and the US / David Blanchflower, Andrew Oswald.
- Format:
- Book
- Author/Creator:
- Blanchflower, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4228.
- NBER working paper series no. w4228
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Entrepreneurship, Happiness and Supernormal Returns
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1992.
- Summary:
- Do entrepreneurs earn supernormal returns, or does competitive pressure ensure that entrepreneurs receive the same utility level as workers? If those who run their own businesses 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 USA 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.
- Notes:
- Print version record
- December 1992.
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