Liquidity constraints and occupational choice
I show that liquidity constraints are related to individuals' occupational choice. A proxy for the prospect of becoming liquidity constrained affects negatively the probability of being self-employed as opposed to being employed in the private or the public sectors. Furthermore, individuals with higher probability of facing liquidity constraints are more likely to be employed in the public sector, which offers the highest level of job and income security, instead of being employed in the private sector.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Schivardi, Fabiano & Torrini, Roberto, 2005.
"Identifying the Effects of Firing Restrictions Through Size-Contingent Differences in Regulation,"
CEPR Discussion Papers
5303, C.E.P.R. Discussion Papers.
- Schivardi, Fabiano & Torrini, Roberto, 2008. "Identifying the effects of firing restrictions through size-contingent differences in regulation," Labour Economics, Elsevier, vol. 15(3), pages 482-511, June.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2002.
"Does Local Financial Development Matter?,"
NBER Working Papers
8923, National Bureau of Economic Research, Inc.
- Friebel, Guido & Giannetti, Mariassunta, 2002.
"Fighting for Talent: Risk-Shifting, Corporate Volatility, and Organizational Change,"
CEPR Discussion Papers
3610, C.E.P.R. Discussion Papers.
- Guido Friebel & Mariassunta Giannetti, 2002. "Fighting for Talent: Risk-shifting, Corporate Volatility, and Organizational Change," CESifo Working Paper Series 793, CESifo Group Munich.
- Guiso, Luigi & Jappelli, Tullio & Terlizzese, Daniele, 1996.
"Income Risk, Borrowing Constraints, and Portfolio Choice,"
American Economic Review,
American Economic Association, vol. 86(1), pages 158-72, March.
- Guiso, Luigi & Jappelli, Tullio & Terlizzese, Daniele, 1994. "Income Risk, Borrowing Constraints and Portfolio Choice," CEPR Discussion Papers 888, C.E.P.R. Discussion Papers.
When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:8:y:2011:i:1:p:37-44. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.