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The Intergenerational Persistence of Self-Employment across China’s Planned Economy Era

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  • Minghao Li
  • Stephan J. Goetz

Abstract

Children whose parents were self-employed before China’s socialist transformation were more likely to become self-employed after the economic reform, even though they had no direct exposure to their parents’ businesses. The effect is statistically significant only for sons. The lack of direct exposure to family businesses impedes the transfer of business human capital and motivates us to explore personality traits as the underlying mechanisms. We find that children with self-employed parents are also more likely to invest in risky assets and to consume cigarettes. This suggests that children of self-employed parents inherit personality traits that induce risky behaviors.

Suggested Citation

  • Minghao Li & Stephan J. Goetz, 2019. "The Intergenerational Persistence of Self-Employment across China’s Planned Economy Era," Journal of Labor Economics, University of Chicago Press, vol. 37(4), pages 1301-1330.
    • Handle: RePEc:ucp:jlabec:doi:10.1086/703164
    DOI: 10.1086/703164
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    Cited by:

    1. Yang, Xiaolan & Hong, Xiaoyue & Li, Wenchao, 2023. "“Only children” and entrepreneurship in China: Spillover effects and mechanisms," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    2. Lin Xiu & Morley Gunderson, 2021. "Does an Entrepreneurial Career Pay for Women in China?," British Journal of Industrial Relations, London School of Economics, vol. 59(1), pages 167-190, March.
    3. Giménez-Nadal, José Ignacio & Molina, José Alberto & Velilla, Jorge, 2022. "Intergenerational correlation of self-employment in Western Europe," Economic Modelling, Elsevier, vol. 108(C).
    4. Björn Gustafsson & Yudan Zhang, 2022. "Self‐employment in Rural China: Its Development, Chara cteristics, and Relation to Income," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(1), pages 136-165, January.

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