Entrepreneurship versus joblessness: Explaining the rise in self-employment

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Standard

Entrepreneurship versus joblessness : Explaining the rise in self-employment. / Falco, Paolo; Haywood, Luke.

I: Journal of Development Economics, Bind 118, 01.2016, s. 245-265.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Falco, P & Haywood, L 2016, 'Entrepreneurship versus joblessness: Explaining the rise in self-employment', Journal of Development Economics, bind 118, s. 245-265. https://doi.org/10.1016/j.jdeveco.2015.07.010

APA

Falco, P., & Haywood, L. (2016). Entrepreneurship versus joblessness: Explaining the rise in self-employment. Journal of Development Economics, 118, 245-265. https://doi.org/10.1016/j.jdeveco.2015.07.010

Vancouver

Falco P, Haywood L. Entrepreneurship versus joblessness: Explaining the rise in self-employment. Journal of Development Economics. 2016 jan.;118:245-265. https://doi.org/10.1016/j.jdeveco.2015.07.010

Author

Falco, Paolo ; Haywood, Luke. / Entrepreneurship versus joblessness : Explaining the rise in self-employment. I: Journal of Development Economics. 2016 ; Bind 118. s. 245-265.

Bibtex

@article{da1b0d706bbb40478fec675a485bdac8,
title = "Entrepreneurship versus joblessness: Explaining the rise in self-employment",
abstract = "A large share of the workforce throughout the developing world is self-employed, and this proportion has increased in recent decades. Assessments of this development vary, with pull factors such as high returns to capital contrasted with push factors such as barriers to more desirable salaried jobs. Using a long panel dataset from Ghana, we empirically investigate the changing structure of earnings in self-employment relative to salaried work. Our analysis allows workers to sort into self-employment for different reasons, including expected earnings differentials and endogenous capital accumulation whilst highlighting constraints that workers may face. We estimate a correlated random coefficient model using IV-GMM, taking into account the endogeneity of sector choice and capital accumulation. We find that returns to productive characteristics in self-employment have increased significantly between 2004 and 2011 whilst self-employment has attracted increasingly skilled workers. This points against the negative view of self-employment as an occupation of last resort.",
keywords = "African labour markets, Comparative advantage, Segmentation, Self-employment, Semiparametric models",
author = "Paolo Falco and Luke Haywood",
year = "2016",
month = jan,
doi = "10.1016/j.jdeveco.2015.07.010",
language = "English",
volume = "118",
pages = "245--265",
journal = "Journal of Development Economics",
issn = "0304-3878",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Entrepreneurship versus joblessness

T2 - Explaining the rise in self-employment

AU - Falco, Paolo

AU - Haywood, Luke

PY - 2016/1

Y1 - 2016/1

N2 - A large share of the workforce throughout the developing world is self-employed, and this proportion has increased in recent decades. Assessments of this development vary, with pull factors such as high returns to capital contrasted with push factors such as barriers to more desirable salaried jobs. Using a long panel dataset from Ghana, we empirically investigate the changing structure of earnings in self-employment relative to salaried work. Our analysis allows workers to sort into self-employment for different reasons, including expected earnings differentials and endogenous capital accumulation whilst highlighting constraints that workers may face. We estimate a correlated random coefficient model using IV-GMM, taking into account the endogeneity of sector choice and capital accumulation. We find that returns to productive characteristics in self-employment have increased significantly between 2004 and 2011 whilst self-employment has attracted increasingly skilled workers. This points against the negative view of self-employment as an occupation of last resort.

AB - A large share of the workforce throughout the developing world is self-employed, and this proportion has increased in recent decades. Assessments of this development vary, with pull factors such as high returns to capital contrasted with push factors such as barriers to more desirable salaried jobs. Using a long panel dataset from Ghana, we empirically investigate the changing structure of earnings in self-employment relative to salaried work. Our analysis allows workers to sort into self-employment for different reasons, including expected earnings differentials and endogenous capital accumulation whilst highlighting constraints that workers may face. We estimate a correlated random coefficient model using IV-GMM, taking into account the endogeneity of sector choice and capital accumulation. We find that returns to productive characteristics in self-employment have increased significantly between 2004 and 2011 whilst self-employment has attracted increasingly skilled workers. This points against the negative view of self-employment as an occupation of last resort.

KW - African labour markets

KW - Comparative advantage

KW - Segmentation

KW - Self-employment

KW - Semiparametric models

UR - http://www.mendeley.com/research/entrepreneurship-versus-joblessness-explaining-rise-selfemployment

U2 - 10.1016/j.jdeveco.2015.07.010

DO - 10.1016/j.jdeveco.2015.07.010

M3 - Journal article

VL - 118

SP - 245

EP - 265

JO - Journal of Development Economics

JF - Journal of Development Economics

SN - 0304-3878

ER -

ID: 230688652