Job Creators

17 Pages Posted: 28 Aug 2004

See all articles by Marc Cowling

Marc Cowling

University of Sussex - Institute for Employment Studies

Mark Taylor

University of Essex

Peter Mitchell

Oxford Economic Forecasting

Abstract

Job creation is perhaps the key political and economic issue of our time, yet this is one of only three papers to date to consider the nature of job creation amongst the self-employed. We develop a utility based model of self-employment which allows for the self-employed employees. The theory predicts that the higher the endowment of human capital the greater the likelihood of the entrepreneur employing additional labour, subject to overcoming any capital constraints. Empirical testing suggests that the decision to hire employees is related to work and lifetime experiences rather than academic achievements.

Suggested Citation

Cowling, Marc and Taylor, Mark Philip and Mitchell, Peter, Job Creators. Manchester School, Vol. 72, No. 5, pp. 601-617, September 2004. Available at SSRN: https://ssrn.com/abstract=573024

Marc Cowling

University of Sussex - Institute for Employment Studies ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Mark Philip Taylor (Contact Author)

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom
+44 1206 873553 (Phone)
+44 1206 873 153 (Fax)

Peter Mitchell

Oxford Economic Forecasting

Abbey House, 121 St Aldates
Oxford OX1 1HB
United Kingdom

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