| Abstract: | Empirical analysis shows that men with self‐employed fathers and higher parental incomes are more likely to be self‐employed, the impact of paternal self‐employment is leveraged by higher family income, and self‐employment is more likely when the father worked in an occupation with task requirements similar to those of an independent business. The idea that the paternal self‐employment effect is attributable to sons following their fathers into occupations inherently more or less conducive to self‐employment is not supported. |
