Georgellis, Y., Sessions, J. G. and Tsitsianis, N., 2005. Windfalls, Wealth, and the Transition to Self-Employment. Small Business Economics, 25 (5), pp. 407-428.
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Official URL: http://dx.doi.org/10.1007/s11187-004-6477-9
We examine the transition to, and survival in, self-employment among a sample of British workers. We find evidence of capital constrains, with wealthier individuals being more likely to transit ceteris paribus. Windfall gains raise the probability of transition at a decreasing rate – gains or more than £20000–£22000 reduce the probability of transition – and larger gains reduce the probability of transition amongst relatively wealthier respondents. We also find peculiarities in the effects of particular types of windfall; redundancy payments and inheritances raise the probability of transition, whilst lottery wins reduce the probability of (especially male) transitions. In contrast, inheritances (lottery wins) hinder (augment) self-employment survival.
|Uncontrolled Keywords:||Self-employment - transitions - windfalls|
|Subjects:||Technology > Business, Management and Marketing|
Social Sciences > Economics
|Deposited By:||Professor Yannis Georgellis LEFT|
|Deposited On:||11 Jun 2010 09:25|
|Last Modified:||07 Mar 2013 15:31|
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