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How do local labor market conditions and individual characteristics affect quitting selfemployment?

Wie beeinflussen die Bedingungen auf dem Arbeitsmarkt und individuelle Merkmale die Entscheidung, die Selbständigkeit aufzugeben?
[working paper]

Oberschachtsiek, Dirk

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Corporate Editor Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract "This paper investigates the joint effect of local labor market conditions and individual differences on the duration of self-employment periods. Using register based, data the study focuses on previously unemployed business founders who have received public support to realize their entrepreneurial activities. Local labor market conditions account for a high level of complexity while personal characteristics are related to the founder's employment background. Using accelerated failure time models, controlling for unobserved heterogeneity and allowing for competing exit risk we find that higher and increasing local labor market pressure decreases the duration in self-employment whereas higher perceived (re-unemployment) risk and lower economic prosperity for incumbent firms reduce exit risks. The results reveal that the effect of external conditions is multidimensional and non-linear. On the individual level, we find strong support for the 'hot-house' hypothesis for gaining comparative advantages." (author's abstract)
Keywords risk; labor market; labor market trend; autonomy; risk assessment; insolvency; unemployment; funding; public support; labor; competition
Classification Labor Market Research
Method empirical; quantitative empirical
Document language English
Publication Year 2010
City Berlin
Page/Pages 37 p.
Series Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, 2010-001
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne