Self-Employment and the Economic Cycle in Spain

Jose Manuel Lasierra

MPRA Paper from University Library of Munich, Germany

Abstract: In periods of economic crisis, self-employment emerges as a potential alternative to unemployment. Literature on the subject identified two distinct basic theories according to which predisposition towards self-employment occurs as an opportunity (pull) or a need (push), closely linked to the business cycle. Here, due to our concern that self-employment might be incentivized in periods of crisis leading to both financial and personal failures, we attempted to verify the validity of both of these theories. To do so, we used a series of personal and job-related variables signifying certain characteristics of persons who want to be self-employed. Our results point towards greater substantiation for the pull theories and refute certain beliefs held by academicians and managers. Furthermore, there are two variables with high, significant coefficients that serve as a synopsis to describe opportunity: workload and money. We link both of these with working hours and net income.

Keywords: Self-employment; Business cycle; Entrepreneurship; Labour Policy; Unemployment; Gender (search for similar items in EconPapers)
JEL-codes: E32 J16 J64 J68 M21 (search for similar items in EconPapers)
Date: 2018-10
New Economics Papers: this item is included in nep-ent and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89593

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