Poverty Among Self-Employed Businesspeople In A Rich Country: A Misunderstood And Distinct Reality
AbstractThis article studies poverty among self-employed businesspeople in a rich country, Belgium. Existing research on self-employment income, compared with income of employees, has made clear that self-employed have a higher probability of falling in the lowest income groups and that there is a distinct self-employment effect. Our findings for Belgium show that approximately one quarter of those who are self-employed in their main occupation are living below the poverty line. We also confirm findings reported in the literature that income distribution among self-employed people is very unequal. It appears from our qualitative findings that poverty among self-employed businesspeople is something distinct from other forms of poverty. Several factors can cause self-employed businesspeople to end up in poverty. As a result, poverty is a multifaceted problem. Policy recommendations are formulated to prevent and combat poverty among self-employed businesspeople.
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Developmental Entrepreneurship.
Volume (Year): 10 (2005)
Issue (Month): 03 ()
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Web page: http://www.worldscinet.com/jde/jde.shtml
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