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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.

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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:
DateEvent
September 1997UNSPECIFIED
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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