More documents from Parker, Simon C
More documents from Applied Economics

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

The retirement behaviour of the self-employed in Britain

[journal article]

Parker, Simon C

fulltextDownloadDownload full text

(800 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Abstract We analyse the retirement behaviour of older self-employed workers, using a life cycle framework and a multinomial logit model of dynamic employment and retirement choices. Using data from the two-wave Retirement Survey, we find that greater actual or potential earnings decrease the probability of retirement among the self-employed. In contrast to employees, none of gender, health or family circumstances appear to affect self-employed retirement decisions. The dynamic analysis reveals that relatively few employees and virtually no retirees switch into self-employment in later life. The switches that do occur are motivated less by attempts to use self-employment as a bridge job or `stepping stone' to full retirement, than by self-employment being a last resort for less affluent workers with job histories of weak attachment to the labour market. We compare self-employed and employee retirement behaviour, and discuss the policy implications of our results.
Document language English
Publication Year 2007
Page/Pages p. 697-713
Journal Applied Economics, 39 (2007) 6
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)