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Self-Employment at Older Ages in Canada

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Listed:
  • Raquel Fonseca
  • Simon Lord
  • Simon C. Parker

Abstract

This paper examines the work motivations and incentives of employees and selfemployed workers near retirement age. We use a sample of Canadians 50 years and older taken from LISA, the Longitudinal and International Study of Adult. Results are as follows. Poverty is associated positively with the transition from employment to self-employment after 50. Optimism appears to explain in part why employees decide to do the switch. For respondents who were self-employed at least once between 50 and 64 years old, it appears that having had prior self-employment experience does not reduce significantly the probability of being poor after 65.

Suggested Citation

  • Raquel Fonseca & Simon Lord & Simon C. Parker, 2020. "Self-Employment at Older Ages in Canada," CIRANO Working Papers 2020s-11, CIRANO.
    • Handle: RePEc:cir:cirwor:2020s-11
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    File URL: https://cirano.qc.ca/files/publications/2020s-11.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Self-Employment; Elderly; Retirement; Canada; Poverty; Travail autonome; Ainés; Retraite; Canada; Pauvreté;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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