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Title: Drug Dealing and Legitimate Self-Employment
Resulting in 1 citation.
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Fairlie, Robert W. |
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Drug Dealing and Legitimate Self-Employment Journal of Labor Economics 20,3 (July 2002): 538-567. Also: http://www.jstor.org/stable/10.1086/339610 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): Attitudes; Drug Use; Employment; Employment, Youth; Risk-Taking; Self-Employed Workers Theoretical models of self-employment posit that attitudes toward risk, entrepreneurial ability, and preferences for autonomy are central to the individual's decision between self-employment and wage/salary work. I provide indirect evidence on this hypothesis by examining the relationship between drug dealing as a youth and legitimate self-employment in later years using data from the National Longitudinal Survey of Youth. I find that drug dealers are 11%-21% more likely to choose self-employment than non-drug-dealers, all else equal. After ruling out a few alternative explanations, I interpret these results as providing indirect evidence supporting the hypothesis. |
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Bibliography Citation
Fairlie, Robert W. "Drug Dealing and Legitimate Self-Employment." Journal of Labor Economics 20,3 (July 2002): 538-567.
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