Labor Market Policies and Self-Employment Transitions of Older Workers

43 Pages Posted: 14 Sep 2016

See all articles by Dimitris Christelis

Dimitris Christelis

Adam Smith Business School, University of Glasgow; Centre for Studies in Economics and Finance (CSEF), University of Naples Federico II; Center for Financial Studies (CFS); Netspar

Raquel Fonseca

University of Quebec at Montreal (UQAM) - Faculty of Management (ESG); Rand Corporation; Centre interuniversitaire sur le risque, les politiques économiques et l'emploi (CIRPÉE)

Date Written: September 12, 2016

Abstract

We study transitions in and out of self-employment of older individuals using internationally comparable survey data from 13 OECD countries. We compute self-employment transitions as conditional probabilities arising from a discrete choice panel data model. We examine the influence on self-employment transitions of labor market policies and institutional factors (employment protection legislation, spending on employment and early retirement incentives, unemployment benefits, strength of the rule of law), as well as individual characteristics like physical and mental health. Self-employment is strongly affected by government policies: larger expenditures on employment incentives impact it positively, while the opposite is true for expenditures on early retirement and unemployment benefits.

Keywords: self-employment, transitions, ageing, labor policies, panel data

JEL Classification: J08, J14, J22, J26, L26, C23, C26

Suggested Citation

Christelis, Dimitrios and Fonseca Benito, Raquel, Labor Market Policies and Self-Employment Transitions of Older Workers (September 12, 2016). Available at SSRN: https://ssrn.com/abstract=2837804 or http://dx.doi.org/10.2139/ssrn.2837804

Dimitrios Christelis

Adam Smith Business School, University of Glasgow ( email )

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Centre for Studies in Economics and Finance (CSEF), University of Naples Federico II ( email )

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Center for Financial Studies (CFS) ( email )

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Netspar ( email )

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Raquel Fonseca Benito (Contact Author)

University of Quebec at Montreal (UQAM) - Faculty of Management (ESG) ( email )

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Montreal, Quebec H3C 3P8
Canada

Rand Corporation ( email )

P.O. Box 2138
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Centre interuniversitaire sur le risque, les politiques économiques et l'emploi (CIRPÉE) ( email )

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Ste-Foy, Quebec G1K 7P4
Canada

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