Entrepreneurship and welfare
用人均消费支出衡量福利，发现创业者存在福利层级：雇佣他人的创业者消费最高，自雇者略低于工薪阶层，但高于临时工且能相对摆脱贫困。
Here, I examine returns to entrepreneurship using a standard measure of welfare, the per-capita consumption expenditure. This analysis, using quantile regressions, reveals the existence of a welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the highest returns in terms of consumption, while those entrepreneurs who work for themselves, that is, self-employed individuals, have slightly lower returns than the salaried employees. However, self-employment entails higher returns than casual labor and a relative escape from poverty.