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Journal Article

Pecuniary and non-pecuniary aspects of self-employment survival

Authors

Publication date

2007

Abstract

We examine the factors that determine self-employment duration in Britain, paying particular attention to self-reported job satisfaction variables and non-pecuniary aspects of self-employment. Based on spell data from the British Household Panel Study, we estimate single-risk and competing-risks hazard models, separately for males and females. Our results show that job satisfaction is indeed a strong predictor of self-employment exit, even after controlling for standard economic and demographic variables. When five domain job satisfaction measures are used, we find that pay, job security and initiative are the three aspects of self-employment most valued by the self-employed themselves. Gender differences regarding the determinants of self-employment survival and exit destination states are also evident.

Published in

Quarterly Review of Economics and Finance

Volume

47 (1):94-112

DOI

http://dx.doi.org/10.1016/j.qref.2006.03.002

Subjects

Labour Market and Well Being

Links

http://serlib0.essex.ac.uk/record=b1602438~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#508891


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