Financial Capital, Human Capital, and the Transition to Self‐Employment: Evidence from Intergenerational Links
利用美国全国纵向调查数据，研究个人财富和人力资本以及父母财富和自雇经历对年轻人从工资就业转向自雇就业的影响，发现父母的自雇经历和商业成功比金融资本影响更大。
We use data from the National Longitudinal Surveys to investigate the relative importance of family financial and human capital in the transition into self-employment. Specifically, we estimate the impacts of individual's own wealth and human capital and parental wealth and self-employment experience on the probability that an individual transits from wage-and-salary to self-employment. We find young men's own financial assets exert a statistically significant but quantitatively modest effect on the transition. In contrast, the parents' capital exerts a large influence. Parents' strongest effect runs, not through financial means, but rather through their own self-employment experience and business success. Copyright 2000 by University of Chicago Press.