Entrepreneurship as a non-profit-seeking activity
| Title: | Entrepreneurship as a non-profit-seeking activity |
|---|---|
| Authors: | Matthias Benz; Jel-codes M; William Baumol; Gary Becker; Raquel Bernal; Patrick Bolton; Robert D; Bruno S. Frey; Gerald Hosp; Paul Dimaggio; Henry Hansmann; Amir Licht; Raymond Miles; Ebba Norsted |
| Contributors: | The Pennsylvania State University CiteSeerX Archives |
| Source: | http://www.iew.unizh.ch/wp/iewwp243.pdf. |
| Publication Year: | 2006 |
| Collection: | CiteSeerX |
| Subject Terms: | entrepreneurship; self-employment; wage and return differentials; non-monetary work benefits; job satisfaction |
| Description: | It is typically assumed that people engage in entrepreneurship because there are profits to be made. In contrast to this view, this paper argues that entrepreneurship is more adequately characterized as a non-profit-seeking activity. Evidence from a broad range of authors and academic fields is discussed showing that entrepreneurship does quite generally not pay in monetary terms. Being an entrepreneur seems to be rather rewarding because it entails substantial non-monetary benefits, like greater autonomy, broader skill utilization, and the possibility to pursue one’s own ideas. It is shown how incorporating these non-monetary benefits into economic models of entrepreneurship can lead to a better understanding of the phenomenon. |
| Document Type: | text |
| File Description: | application/pdf |
| Language: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.120.7755; http://www.iew.unizh.ch/wp/iewwp243.pdf |
| Availability: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.120.7755; http://www.iew.unizh.ch/wp/iewwp243.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: | edsbas.61F4D7A7 |
| Database: | BASE |