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Author: Rissman, Ellen R.
Resulting in 2 citations.
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Rissman, Ellen R. |
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Self-employment as an Alternative to Unemployment Working Paper 2003-34, Federal Reserve Bank of Chicago, 2003. Also: http://www.chicagofed.org/publications/workingpapers/papers/wp2003-34.pdf Cohort(s): NLSY79 Publisher: Federal Reserve Bank of Chicago Keyword(s): Benefits, Insurance; Income Level; Job Search; Modeling, Fixed Effects; Modeling, Random Effects; Racial Differences; Re-employment; Self-Employed Workers Permission to reprint the abstract has not been received from the publisher. Data from the NLSY show that more than a quarter of all younger men experience some period of self-employment. Many of them return to wage work. This paper analyzes a simple model of job search and self-employment where self-employment provides an alternative source of income for unemployed workers. Self-employment is distinct from wage sector employment in two important respects. First, self-employment is a low-income, low-variation alternative to wage work. Second, once a worker enters self-employment, he loses eligibility to receive unemployment insurance benefits—-at least until he returns to wage sector employment. The model suggests that flows into self-employment are countercyclical and flows out of self-employment are procyclical. Data from the NLSY for males at least 21 years of age are used to investigate how demographic and economic variables influence the decision to become self-employed. Fixed effects and random effects logit results indicate that young men are more likely to be self-employed when their wage work opportunities are more limited. Specifically, higher local unemployment rates lead workers to self-select into self-employment, as does past unemployment experience. The process is different for Whites and Nonwhites with education being irrelevant for White self-employed workers. In contrast, for Nonwhites higher education reduces the probability of entering self-employment. |
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Bibliography Citation
Rissman, Ellen R. "Self-employment as an Alternative to Unemployment." Working Paper 2003-34, Federal Reserve Bank of Chicago, 2003. |
| 2. |
Rissman, Ellen R. |
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Self-Employment Duration of Younger Men Over the Business Cycle Economic Perspectives 30,3 (Q III, 2006): 14-27. Also: http://EconPapers.repec.org/RePEc:fip:fedhep:y:2006:i:qiii:p:14-27:n:v.30no.3 Cohort(s): NLSY79 Publisher: Federal Reserve Bank of Chicago Keyword(s): Job Turnover; Labor Market Demographics; Self-Employed Workers Permission to reprint the abstract has not been received from the publisher. The article presents information related to self-employment of youths. Self-employment is a fluid labor market state, exhibiting a great deal of turnover. People can be attached to self-employment for a number of reasons. Aggregate and local labor market conditions play an important role in determining the duration of self-employment. A growing economy appears to encourage people who are self-employed to exit self-employment. |
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Bibliography Citation
Rissman, Ellen R. "Self-Employment Duration of Younger Men Over the Business Cycle." Economic Perspectives 30,3 (Q III, 2006): 14-27.
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