From unemployment to self-employment: the role of entrepreneurship training
Marios Michaelides () and
University of Cyprus Working Papers in Economics from University of Cyprus Department of Economics
This paper uses data from the Growing America Through Entrepreneurship (GATE) program to assess the effectiveness of providing self-employment training to unemployed workers during a period of moderate unemployment and during the Great Recession. Results show that self-employment training can significantly improve the short-term self-employment and overall employment rates of unemployed workers, with effects on self-employment persisting for long periods after program entry. Although it appears unlikely that self-employment training may improve self-employment earnings, there is evidence that some participants may achieve higher salary and total earnings when the labor market is relatively strong. Based on these findings, we conclude that self-employment training can potentially be an effective short-term reemployment strategy, regardless of the overall economic conditions, but it is unlikely to help unemployed workers improve their long-term employment and earnings outcomes.
Keywords: Great Recession; Self-employment; Small business; Training; Unemployment; Program evaluation. (search for similar items in EconPapers)
JEL-codes: J6 H4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-lab, nep-pbe and nep-sbm
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Persistent link: http://EconPapers.repec.org/RePEc:ucy:cypeua:09-2016
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