The evolution of UK self-employment: A study of government policy and the role of the macroeconomy
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. ISSN 0025-2034Full text not available from this repository.
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|
|Number of Pages:||16|
|Page Range:||pp. 427-442|
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