Income inequality among entrepreneurs in Ondo State, Nigeria

Olubukola Ehinmowo; Christian Harrison; Adewale Isaac Olutumise

doi:10.1504/IJBG.2020.104955

Income inequality among entrepreneurs in Ondo State, Nigeria

Olubukola Ehinmowo, Christian Harrison, Adewale Isaac Olutumise

School of Business and Creative Industries

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

47 Downloads (Pure)

Abstract

The study examined the income inequality among entrepreneurs in Ondo State, Nigeria using a questionnaire based survey. Multistage sampling technique was used to select the 200 respondents and the data was subjected to descriptive statistics, Lorenz curve, Gini coefficient and Double - Log regression model.

Findings showed that 40% of the respondents spent at most 12 years in school, while hair dressing (43.5%) and fashion designing (31.5%) were the most common enterprises among the respondents. The findings also revealed that majority of the entrepreneurs earned below N200, 000 per annum. The result of the Gini coefficient (0.58) showed that there was income inequality as shown by the Lorenz curve while the regression indicated that gender, family size and number of workers significantly affected the income of the entrepreneurs.

This study is important as it recommends policies targeted at improving income as well as reducing the income inequality of the entrepreneurs.

Original language	English
Pages (from-to)	19-38
Number of pages	20
Journal	International Journal of Business and Globalisation
Volume	24
Issue number	1
Early online date	4 Feb 2020
DOIs	https://doi.org/10.1504/IJBG.2020.104955
Publication status	E-pub ahead of print - 4 Feb 2020

Keywords

entrepreneurs
income inequality
entrepreneurship
globalisation
poverty
Gini coefficient
double-log regression
Lorenz curve
developing economies
Africa

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1504/IJBG.2020.104955

2017 10 11 Olubukola et al Income acceptedAccepted author manuscript, 371 KBLicence: CC BY-NC-ND

Cite this

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abstract = "The study examined the income inequality among entrepreneurs in Ondo State, Nigeria using a questionnaire based survey. Multistage sampling technique was used to select the 200 respondents and the data was subjected to descriptive statistics, Lorenz curve, Gini coefficient and Double - Log regression model.Findings showed that 40% of the respondents spent at most 12 years in school, while hair dressing (43.5%) and fashion designing (31.5%) were the most common enterprises among the respondents. The findings also revealed that majority of the entrepreneurs earned below N200, 000 per annum. The result of the Gini coefficient (0.58) showed that there was income inequality as shown by the Lorenz curve while the regression indicated that gender, family size and number of workers significantly affected the income of the entrepreneurs.This study is important as it recommends policies targeted at improving income as well as reducing the income inequality of the entrepreneurs.",

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AU - Olutumise, Adewale Isaac

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KW - entrepreneurship

KW - globalisation

KW - poverty

KW - Gini coefficient

KW - double-log regression

KW - Lorenz curve

KW - developing economies

KW - Africa

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Income inequality among entrepreneurs in Ondo State, Nigeria

Abstract

Keywords

UN SDGs

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