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The evolution of UK self-employment: A study of government policy and the role of the macroeconomy
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UNSPECIFIED (1997) The evolution of UK self-employment: A study of government policy and the role of the macroeconomy. MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES, 65 (4). pp. 427-442.
Research output not available from this repository, contact author.Abstract
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.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Journal or Publication Title: | MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES | ||||
| Publisher: | BLACKWELL PUBL LTD | ||||
| ISSN: | 0025-2034 | ||||
| Official Date: | September 1997 | ||||
| Dates: |
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| Volume: | 65 | ||||
| Number: | 4 | ||||
| Number of Pages: | 16 | ||||
| Page Range: | pp. 427-442 | ||||
| Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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