TY  - JOUR
AU  - Blanchflower,David
AU  - Oswald,Andrew
TI  - Entrepreneurship, Happiness and Supernormal Returns: Evidence from Britain and the US
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4228
PY  - 1992
Y2  - December 1992
UR  - http://www.nber.org/papers/w4228
L1  - http://www.nber.org/papers/w4228.pdf
N1  - Author contact info:
David G. Blanchflower
Bruce V. Rauner Professor of Economics
6106 Rockefeller Hall
Dartmouth College
Hanover, NH  03755-3514
Tel: 603/646-2536
Fax: 603/646-2122
E-Mail: David.G.Blanchflower@Dartmouth.EDU

Andrew Oswald
Department of Economics
University of Warwick
Coventry CV4 7AL
England
Tel: 44-01203-5235
Fax: 44-01203-5230
E-Mail: a.j.oswald@warwick.ac.uk
M2  - featured in NBER digest on 1993-06-01
AB  - 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.
ER  -