What is Czech Republic

Although individuals mostly pursue an entrepreneurial career from non-economic reasons, it is also interesting to see how well they perform in their business financially. This book chapter exploits two recent waves (2010, 2015) of the European Survey on Working Conditions (EWCS) and compares earnings of the Czech self-employed, concerning characteristics including job creation, gender, age, education, and number of working hours. The obtained findings from paired t-tests and correlations show that Czech self-employed with employees (job creators) earn on average by 14.6% more when compared to solo self-employed. Gender-differences in earnings have also been found in the case of the Czech entrepreneurs. Solo self-employed women earn on average less when compared to males. The highest earnings were observed in the age group of 31-40 years, and self-employed with higher levels of education also earn, on average more. This book chapter contributes to the regional knowledge on entrepreneurship in the Czech Republic.