We examine the physical health consequences to entrepreneurs of firm growth and decline. Using register-based panel data (2000–2021), we find that entrepreneurs and hired CEOs are, on average, healthier and live longer than individuals from a socio-economically similar random sample from the general population. However, our findings also reveal that entrepreneurs are more likely to fall ill during their tenure and die younger than hired CEOs. Importantly, our findings demonstrate that both cumulative exposure to growth and episodic, rapid declines in sales and in the number of employees are equally taxing for entrepreneurs and hired CEOs.

中文翻译：

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敲响天堂之门？创业、公司增长和健康风险


我们研究了公司增长和衰落对企业家的身体健康影响。使用基于登记册的面板数据（2000-2021 年），我们发现企业家和受雇的 CEO 平均而言，比来自普通人群的社会经济相似随机样本中的个人更健康、寿命更长。然而，我们的研究结果还显示，与聘用的 CEO 相比，企业家更有可能在任期内生病并更早去世。重要的是，我们的研究结果表明，对增长的累积敞口以及销售额和员工数量的偶发性快速下降对企业家和受聘的 CEO 来说都是同样的负担。