How valuable are cognitive and social abilities for entrepreneurs’ incomes as compared to employees? We answer three … questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2 … entrepreneurs and employees differently?, and (3) Does the balance in these measured ability levels affect an individual's earnings …

The returns to education (RTE) for entrepreneurs, unlike for employees, have not yet been estimated by methods coping … with the potential endogeneity problem. We estimate the RTE for entrepreneurs and employees while testing for and coping …'s for entrepreneurs and employees. The bias is larger for entrepreneurs. This leads to an interesting and policy relevant …

Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is … with earlier papers which indicate that higher level employees are the primary beneficiaries of higher pay from dispersed …

How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance … control over the profitable employment of their human capital than wage employees. …