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The Pecuniary and Non-Pecuniary Returns to Micro-Entrepreneurship: Evidence from a Cross-Section of Women in Mexico

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dc.contributor.authorWilliams, Benjamin
dc.contributor.authorTorres, Jesica
dc.contributor.authorFrancis, David C.
dc.date.accessioned2025-01-13T15:24:59Z
dc.date.available2025-01-13T15:24:59Z
dc.date.issued2025-01-13
dc.description.abstractThis paper estimates the monetary and full returns to micro-entrepreneurship using a cross-section of Mexican women leveraging self-reported reservation wages. A generalized Roy model of micro-entrepreneurship choice that accounts for selection bias and non-response in earnings is estimated. The analysis exploits variation in homicide rates as an exclusion restriction to identify the average treatment-on-the-treated. The average monetary return is 4.2 percent while the average full return is 68 percent, which points to substantial non-pecuniary benefits from entrepreneurship among women. The monetary return sharply increases with years of schooling. Full returns are less steep, suggesting that non-pecuniary benefits are more salient for less educated women.en
dc.identifierhttp://documents.worldbank.org/curated/en/099320301132511869/IDU174bfe2ee1ad1114d901a34216952ddec7575
dc.identifier.doi10.1596/1813-9450-11033
dc.identifier.doihttps://doi.org/10.1596/1813-9450-11033
dc.identifier.urihttps://hdl.handle.net/10986/42662
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11033
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFEMALE ENTREPRENEURSHIP
dc.subjectROY MODEL
dc.subjectNON-PECUNIARY BENEFITS
dc.subjectSELECTION CORRECTION
dc.subjectSURVEY NON-RESPONSE
dc.titleThe Pecuniary and Non-Pecuniary Returns to Micro-Entrepreneurshipen
dc.title.subtitleEvidence from a Cross-Section of Women in Mexicoen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe Pecuniary and Non-Pecuniary Returns to Micro-Entrepreneurship: Evidence from a Cross-Section of Women in Mexico
okr.date.disclosure2025-01-13
okr.date.doiregistration2025-04-14T11:49:14.856800Z
okr.date.doiregistration2025-04-25T02:24:52.074833Z
okr.date.lastmodified2025-01-13T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099320301132511869/IDU174bfe2ee1ad1114d901a34216952ddec7575
okr.guid099320301132511869
okr.identifier.docmidIDU-74bfe2ee-ad11-4d90-a342-6952ddec7575
okr.identifier.doi10.1596/1813-9450-11033
okr.identifier.externaldocumentum34445379
okr.identifier.internaldocumentum34445379
okr.identifier.reportWPS11033
okr.import.id6290
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099320301132511869/pdf/IDU174bfe2ee1ad1114d901a34216952ddec7575.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryMexico
okr.topicSocial Protections and Labor::Skills Development and Labor Force Training
okr.topicSocial Protections and Labor::Wages, Compensation & Benefits
okr.topicPrivate Sector Development::Social Entrepreneurship and Business Clusters
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicPrivate Sector Development::Corporate Data and Reporting
okr.unitEnterprise Analysis-WB (DECEA)
relation.isAuthorOfPublicationecb386cc-60ee-44ae-8ae1-038d364519e0
relation.isAuthorOfPublication.latestForDiscoveryecb386cc-60ee-44ae-8ae1-038d364519e0
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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