The labour market consequences of self-employment spells: European evidence |
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| Authors: | Ari Hyytinen Petri Rouvinen |
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| Affiliation: | 1. Bank of Finland and University of Jyväskylä, Finland;2. ETLA, The Research Institute of the Finnish Economy, Lönnrotinkatu 4 B, FI-00120, Finland;1. School of Economics, LeBow College of Business, Drexel University, 3141 Chestnut Street, Philadelphia, PA 19104, United States;2. Research Institute of Economics and Management, Southwestern University of Finance and Economics, 55 Guanghuacun Street, Chengdu, Sichuan 610074, China;1. Department of Economics, Carswell Hall, Wake Forest University, Box 7505, Winston-Salem, NC 27109, USA;2. Department of Economics, Ankara University, TR-06590 Cebeci, Ankara, Turkey |
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| Abstract: | We examine how those re-entering paid-employment after a brief self-employment spell fare upon return using data from the European Community Household Panel. Unconditionally, those re-entering paid-employment appear to have considerably lower wages than those staying in the wage sector. This difference appears to be larger in Europe than in the US. Conditional analysis suggests, however, that the difference is more apparent than real: It seems that Europeans select negatively into (and possibly out-of) self-employment, i.e., the likelihood of entering (and exiting) entrepreneurship correlates negatively with unobserved ability and/or in-paid-employment productivity. Our analysis of non-wage outcomes indicates that the selection is mostly involuntary, and that for highly educated men, the brief self-employment spells are unemployment in disguise. |
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