Wage Uncertainty and the Labour Supply of Self‐Employed Workers

Autor:	Yacine Belghitar, Simon C. Parker, Tim Barmby
Rok vydání:	2005
Předmět:	Economics and Econometrics Labour economics Labour supply media_common.quotation_subject Wage Economics Self employed health care economics and organizations Standard deviation media_common
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:	https://explore.openaire.eu/search/publication?articleId=doi_________::44d89eb3f57e6c924ab24e60502a0bca https://doi.org/10.1111/j.0013-0133.2005.00987.x Zobrazit plný text záznamu Plný text