The evolution of UK self-employment: A study of government policy and the role of the macroeconomy

被引:65
作者
Cowling, M [1 ]
Mitchell, P [1 ]
机构
[1] UNIV WARWICK,ESRC MACROMOLEC MODELLING BUR,COVENTRY CV4 7AL,W MIDLANDS,ENGLAND
来源
MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES | 1997年 / 65卷 / 04期
关键词
D O I
10.1111/1467-9957.00073
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper reports the findings of a time series analysis exploring the fundamental determinants of the substantial rise in U.K. self-employment over the period 1972-92. The key findings are that the self-employed/wage-employed income differential has a high and positive effect upon the proportion of the workforce in self-employment, supporting alternative wage theories of labour market status, as does housing wealth, supporting credit-rationing theories. Perhaps the most interesting feature concerns the relationship between unemployment and self-employment. On this we find that it is the duration structure of unemployment that matters, not simply the stock of unemployed people. This evidence may imply that self-employment is a last resort for certain individuals marginalized in the employed sector and facing lengthy spells of unemployment.
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页码:427 / 442
页数:16
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