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Transitions to Self-Employment at Older Ages: The Role of Wealth, Health, Health Insurance, and Other Factors

  • Julie Zissimopoulos
  • Lynn A. Karoly

Relatively little research has been devoted to studying self-employment among older workers although they make up a disproportionate share of the self-employed workforce. This study uses 5 waves of panel data from the Health and Retirement Study to investigate the determinants of labor force transitions to self-employment at older ages. We estimate a multinomial logit model of transitions from wage and salary employment to self-employment, retirement or not working. Results are compared with those found in previous studies. New findings on the impact of health on transitions to self-employment are highlighted.

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Paper provided by RAND Corporation Publications Department in its series Working Papers with number 135.

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Length: 58 pages
Date of creation: Dec 2003
Date of revision:
Handle: RePEc:ran:wpaper:135
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