Transition to and from Self-Employment in Spain: An Empirical Analysis

Raquel Carrasco ()

Working Papers from CEMFI

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 rises the probability of entering self-employment, but also increases the hazard of leaving self-employment, specially into unemployment. Moreover, receiving unemployment benefits significantly reduces the probability of entering self-employment. Liquidity constraints are important in determining entrepreneurial selection, but only for those who become self-employed with employees.

Date: 1997
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Related works:
Journal Article: Transitions to and From Self‐employment in Spain: An Empirical Analysis (1999)
Working Paper: Transitions to and from Self-Employment in Spain: An Empirical Analysis (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:cmf:wpaper:wp1997_9710

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