Transitions to and From Self‐employment in Spain: An Empirical Analysis
利用1985-1991年西班牙男性纵向数据，分析个人特征和商业周期对自雇就业进入概率及持续时间的影响，发现失业会提高进入自雇的概率，但也增加退出风险，尤其是转向失业。
This paper investigates the influence of individual characteristics and the business cycle on the probability of entry into self‐employment and on self‐employment duration. We estimate multinomial logit and discrete competing risks models using data from a longitudinal sample of Spanish men for the period 1985–1991. The results indicate that unemployment raises the probability of entering self‐employment, but also increases the hazard of leaving self‐employment, especially into unemployment. Moreover, receiving unemployment benefits significantly reduces the probability of entering self‐employment. Liquidity constraints are important in determining enterpreneurial selection, but only for those who become self‐employed with employees.