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Transitions to and from self-employment in Spain : an empirical analysis

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URI: http://hdl.handle.net/10016/4681
ISSN: 0305-9049
DOI: 10.1111/1468-0084.00132
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transitions_carrasco_OBES_1999_ps.pdf (2.86 MB)
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1999
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Blackwell
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Abstract
This paper investigates the influence of individual characteristics and the business cycle on the probability of entry into self-employment and on self-employment duration. We estimate multinomial logit and discrete competing risks models using data from a longitudinal sample of Spanish men for the period 1985–1991. The results indicate that unemployment raises the probability of entering self-employment, but also increases the hazard of leaving self-employment, especially into unemployment. Moreover, receiving unemployment benefits significantly reduces the probability of entering self-employment. Liquidity constraints are important in determining enterpreneurial selection, but only for those who become self-employed with employees.
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Trabajadores autónomos, Mercado laboral, España
Bibliographic citation
Oxford Bulletin of Economics and Statistics, 1999, v. 61, n. 3, p. 315-341
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