AbstractThis paper examines the determinants of self-employment and transitions from wage work to self-employment using two sets of Finnish data from the 1990?s. The results show that capital constraints have only a minor effect on new business starts. Human capital, in the form of intergenerational links in self-employment and psychological factors play a much larger role. The paper also provides empirical evidence that less risk-aversive workers are more likely to become entrepreneurs.
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Bibliographic InfoPaper provided by Government Institute for Economic Research Finland (VATT) in its series Discussion Papers with number 205.
Date of creation: 01 Jan 1999
Date of revision:
Other versions of this item:
- D10 - Microeconomics - - Household Behavior - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
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