> This study is evidence that if your aim is to make more money, switching from salaried work to running an incorporated business is typically rewarded with a significant boost in earnings.<p>What about survivorship bias? I.e. most entrepreneurs fail, so you get a skewed sample when looking at existing entrepreneurs.<p>Also while it might be easier to just analyze two categories (incorporated vs. not), really one should break down entrepreneurial ventures into at least three categories:<p>- self-employed / contractor (from baby sitter to software consultant)<p>- small business (e.g. restaurant)<p>- startup (seeking to become large company)
Published early 2016.<p>The author wrote this in a comment <a href="https://80000hours.org/2016/02/what-the-literature-says-about-the-earnings-of-entrepreneurs/#comment-2524811609" rel="nofollow">https://80000hours.org/2016/02/what-the-literature-says-abou...</a>:<p>> You're right. This data doesn't tell us much about the earnings of startup founders. We'll be going to that in a later post.<p>> This post is just about self-employment on average.<p>Is that post available somewhere?
Here's the full version of the study that this article mostly describes,
"Smart and Illicit: Who Becomes an Entrepreneur and Do They Earn More?":<p><a href="http://www.nber.org/papers/w19276.pdf" rel="nofollow">http://www.nber.org/papers/w19276.pdf</a> (via <a href="https://news.ycombinator.com/item?id=15006502" rel="nofollow">https://news.ycombinator.com/item?id=15006502</a>):