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We assess the relevance of formal education on the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...
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We compare, based on German data, the income of self-employed individuals with and without employees with the income of … than their salaried counterparts, while with the exception of solo-entrepreneurs without vocational degree - the income of … to their income before the start-up. …
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Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation … presented in Stevenson and Wolfers (2008, BROOKINGS PAP ECO AC), we now count three exceptions supporting Easterlin s happiness-income …
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