Download or read book Self Employment and Liquidity Constraints written by Edvard Johansson and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a large Finnish micro data set, I study how wealth influences the decision to become self-employed. The main result is that personal wealth increases the probability of a person becoming self-employed. This suggests the presence of liquidity constraints.
Download or read book Determinants of Self employment written by Gerrit de Wit and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the result of five years of research that I carried out as a research fellow at the Faculty of Economics and Econometrics of the University of Amsterdam. The project was initiated in 1986 by Frans van Winden and Roy Thurik. Frans van Winden became interested in self employment through his work concerning government behavior. In the models that he employs, the government is influenced by various social groups, the political strength of which is related to their size. As one of these is the group of self-employed individuals, he became interested in determinants of the size of this group. Roy Thurik was professionally interested in the subject because of his work at the Research Institute for Small and Medium-sized Business in the Netherlands (EIM), an institute that does much research in this area. Together, they wrote a proposal for a research project, for which they received funding from the Dutch Ministry of Economic Affairs . These funds were supplemented by the University of Amsterdam and at a later stage by the Organization for the Advancement of Research in the Economic Discipline (ECOZOEK), that is part of the Netherlands Organization for Scientific Research (NWO). This support is gratefully acknowiedged. The commercial edition of this book was partIy financed by the Centre for Energy Conservation and Environmental Technology (CE), the Center for Research in Experimental Economics and Political Decisionmaking (CREED), and the University of Amsterdam.
Download or read book Liquidity Constraints Household Wealth and Self Employment written by Julie M. Zissimopoulos and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence of liquidity constraints affecting entrepreneurship includes increasing rates of business formation with increases in household wealth and no relationship between the likelihood of business formation and wealth at high wealth levels. Using longitudinal data from the Health and Retirement Study on workers over age 50 and employing probit regressions with a non-linear specification of household wealth and liquid wealth, the authors find the relationship between wealth and business formation is consistent with this pattern. The paper also finds that wealth matters more for the formation of businesses requiring high starting capital. Employing the availability of a lump-sum distribution option (LSO) of an employer-provided pension plan as a new proxy for liquidity, the results show that workers with an LSO are more likely than workers with a pension and without an LSO to transition into self-employment. This provides further evidence of the existence and importance of liquidity constraints.
Download or read book A Dynamic Model of Choice Between Wage work and Self employment with Liquidity Constraints written by Thierry Magnac and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Liquidity Constraints and Occupational Choice written by Mariassunta Giannetti and published by . This book was released on 2010 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: I show that liquidity constraints are related to individuals' occupational choice. A proxy for the prospect of becoming liquidity constrained affects negatively the probability of being self-employed as opposed to being employed in the private or the public sectors. Furthermore, individuals with higher probability of facing liquidity constraints are more likely to be employed in the public sector, which offers the highest level of job and income security, instead of being employed in the private sector.
Download or read book Self employment Among Older Workers written by Qian Gu and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-employment is an increasingly popular form of employment among older workers. The three papers in this dissertation expand our knowledge base of the self-employment experience at older ages. The first paper documents the largest public and private small business assistance programs in the United States and reviews the evaluation studies conducted on those programs. The second paper finds that workers with a lump-sum distribution option in their pension plans are 27 percent more likely to transition from wage and salary work to self-employment over a two-year period than those without such an option. The third paper compares the employment trajectories of those who are likely using self-employment as a retirement transition with those who are not and identifies the factors that contribute to older workers' survival in self-employment. The analysis indicates that around one-third of self-employed older workers survive six or more years in self-employment and that most of them do not expect to work for longer than six years when they enter self-employment.
Download or read book Liquidity Constraints Household Wealth and Entrepreneurship Revisited written by Robert W. Fairlie and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The existence of liquidity constraints for entrepreneurs has been challenged by the finding that business entry rates are invariant throughout most of the asset distribution and increase dramatically only at the top of this distribution. We reexamine the liquidity constraint hypothesis in three ways. First, we separately examine those who do and those who do not experience a job loss to reveal#generally increasing entry rates through the wealth distribution for both groups, and show why these groups should be separately analyzed. Second, we use a two-period simulation of the Evans and Jovanovic model to shows how exogenous wealth shocks can accurately identify the presence of liquidity constraints. Third, we provide new evidence from matched Current Population#Survey data to show that housing appreciation measured at the MSA-level is a significantly positive - determinant of entry into self-employment, after controlling for changes in local economic conditions.
Download or read book Liquidity Constraints Household Wealth and Entrepreneurship Revisited written by Robert W. Fairlie and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Is Inequality Bad for Business written by Alice Mesnard and published by World Bank Publications. This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data on occupational choice among return migrants in Tunisia reveal that higher inequality of wealth reduces the level of new business activity. The effect is not large, however. Even dramatic redistributions of wealth would not provide much stimulus to entrepreneurship.
Download or read book Self employment and Intergenerational Transfers written by Centre de recherche en économie et statistique (Paris, France) and published by . This book was released on 1996 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selection Into Entrepreneurship and Self Employment written by Ross Levine and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that differentiates between entrepreneurs and other self-employed to address puzzling gaps that have emerged between theory and evidence on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on highly-remunerated human capital, but other self-employed are negatively selected on those same abilities; entrepreneurs are positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is countercyclical.
Download or read book Informal Self Employment and Macroeconomic Fluctuations written by Norbert M. Fiess and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Self employment and Self financing written by Thomas Lindh and published by . This book was released on 1995 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Examination of the Choice to be Self employed written by John Swenson Harvey and published by . This book was released on 1996 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do Liquidity Constraints Matter for New Entrepreneurs written by Kevin Moore and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Numerous studies have found a positive relationship between wealth and entering entrepreneurship, and interpret this as evidence of the existence of liquidity constraints. However, recent research has shown that the relationship between wealth and entering entrepreneurship may be non-linear and only significant for high-wealth households; this result cannot be interpreted as evidence of liquidity constraints. Using data from the SCF, we construct a proxy for wealth based on the household's home equity wealth at the time of the entrepreneurial decision. The results provide further evidence that the relationship between wealth and entering entrepreneurship is only significant for high-wealth households and that liquidity constraints do not appear to bind for the majority of new entrepreneurs. Possible explanations for the relationship between wealth and becoming an entrepreneur include lower risk aversion and differences in the types of businesses started by high-wealth households"--Federal Reserve Board web site.
Download or read book Entrepreneurship Self Employment and Retirement written by N. Sappleton and published by Springer. This book was released on 2015-04-16 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a collection of nine studies which contribute to a more robust and richer understanding of entrepreneurship, self-employment and retirement in a diversity of settings, including the Netherlands, Canada, the United Kingdom, Singapore and the US, by drawing on both qualitative and quantitative data.
Download or read book Entrepreneurship in the UK written by David G. Blanchflower and published by Now Publishers Inc. This book was released on 2007 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship in the UK examines the causes and consequences of changes in the incidence of entrepreneurship in the United Kingdom by focusing on the characteristics of the self-employed and how self-employment has changed over time. Entrepreneurship in the UK is comprehensive and complete in its review of: time series trends in self-employment in the UK and elsewhere; the earnings of the self-employed with those of wage and salary workers; the characteristics of the self-employed; econometric analyses of the determinants of self-employment and comparisons with US + EU; the importance of liquidity constraints and the role of inheritances and gifts and rising house prices in overcoming credit constraints; macro-economic consequences and correlates of self-employment. Entrepreneurship in the UK identifies the characteristics of the self-employed and explains how and why their numbers have changed over time.
