Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival

28 Pages Posted: 1 Nov 2006

See all articles by Yannis Georgellis

Yannis Georgellis

University of Kent

John G. Sessions

University of Bath; IZA Institute of Labor Economics

Nicholas NT Tsitsianis

University of Hertfordshire

Abstract

We examine the factors that determine self-employment duration in Britain, paying particular attention to self-reported job satisfaction variables and non-pecuniary aspects of self-employment. Based on spell data from the British Household Panel Study, we estimate single-risk and competing-risks hazard models, separately for males and females. Our results show that job satisfaction is indeed a strong predictor of self-employment exit, even after controlling for standard economic and demographic variables. When five domain job satisfaction measures are used, we find that pay, job security and initiative are the three aspects of self-employment most valued by the self-employed themselves. Gender differences regarding the determinants of self-employment survival and exit destination states are also evident.

Keywords: Self-employment, Survival, Job Satisfaction

JEL Classification: J23, J28, J60

Suggested Citation

Georgellis, Yannis and Sessions, John G. and Tsitsianis, Nicholas NT, Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival. Quarterly Review of Economics and Finance, Vol. 47, No. 1, pp. 94-112, 2007, Available at SSRN: https://ssrn.com/abstract=941154

Yannis Georgellis

University of Kent ( email )

Canterbury, Kent CT2 7PE
United Kingdom

John G. Sessions (Contact Author)

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Nicholas NT Tsitsianis

University of Hertfordshire ( email )

Business School
De Havilland Campus
Hatfield, Hertfordshire AL10 9AB
United Kingdom
01707 285549 (Phone)

HOME PAGE: http://web-apps.herts.ac.uk/uhweb/about-us/profiles/profiles_home.cfm?profile=D9F0FDED-0795-5A63-0DC

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