Self-Employment and Labor Force Participation of Older Males (Revised)
This longitudinal analysis of the labor market behavior of older, urban white males in 1969, 1971, and 1973 focuses on changes from wage-and-salary to self-employment and changes from working to non-working status. In each two-year transition approximately four percent of wage-and-salary workers switched to self-employment. They were primarily men who were previously self-employed or who were in wage-and-salary occupations with characteristics similar to self-employment, e.g., managers and salesmen. For a blue collar worker employed forty hours per week the predicted probability of switching was close to zero. Controlling for a large number of economic and demographic variables, the self-employed were significantly more likely to continue to work, partly by reducing their workweek to under 35 hours. Other significant predictors of continuing to work are good health, years of schooling, white collar occupation, no expectation of a private pension, and a workweek longer than fifty hours. Age is also important, especially at the eligibility ages set by social security.
|Date of creation:||Nov 1980|
|Date of revision:|
|Publication status:||published as Fuchs, Victor R. "Self-Employment and Labor Force Participation of Older Males," The Journal of Human Resources, Vol. XVII, No. 3 (Summer 1982), pp. 3 39-357.|
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"The effect of social security on early retirement,"
Journal of Public Economics,
Elsevier, vol. 10(3), pages 361-377, December.
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"Healthiness, Education, and Marital Status,"
NBER Working Papers
0611, National Bureau of Economic Research, Inc.
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"Market wages, reservation wages, and retirement decisions,"
in: Econometric Studies in Public Finance, pages 277-308
National Bureau of Economic Research, Inc.
- Gordon, Roger H. & Blinder, Alan S., 1980. "Market wages, reservation wages, and retirement decisions," Journal of Public Economics, Elsevier, vol. 14(2), pages 277-308, October.
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- Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
- Burkhauser, Richard V & Turner, John A, 1978. "A Time-Series Analysis on Social Security and Its Effect on the Market Work of Men at Younger Ages," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 701-15, August.
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