Wage Uncertainty and the Labour Supply of Self‐Employed Workers
Autor: | Yacine Belghitar, Simon C. Parker, Tim Barmby |
---|---|
Rok vydání: | 2005 |
Předmět: | |
Zdroj: | The Economic Journal. 115:C190-C207 |
ISSN: | 1468-0297 0013-0133 |
Popis: | We analyse the effects of wage uncertainty on the labour supply of self-employed workers, using PSID data on self-employed American males. The standard deviation of past wages, as a measure of wage uncertainty, is the key determinant of male self-employed labour supply, with a significant positive effect. In contrast there is no effect from the (instrumented) wage or other explanatory variables. Our findings are consistent with the self-employed ‘self-insuring’ in response to greater uncertainty by working longer hours, and they can also help explain why self-employed Americans work longer average hours for lower average wages than their employee counterparts. |
Databáze: | OpenAIRE |
Externí odkaz: |