Determinants of self-employment survival in Europe |
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Authors: | José María Millán Emilio Congregado Concepción Román |
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Institution: | (1) Universidad de Huelva, Huelva, Spain |
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Abstract: | This paper investigates the determinants of self-employment survival in Europe in two stages. The first one focuses on the
effect of variables at the individual level, while the second raises questions regarding specific regional factors through
the introduction of macro variables. In conducting this analysis, discrete choice models, including both single and competing
risks frameworks, are applied to data drawn from the European Community Household Panel from 1994 to 2001. Different destination
states are considered: paid employment, unemployment and inactivity. This allows us to search for the underlying determinants
of these different hazards. The results suggest a positive impact on survival of formal education and previous experience
within the labour market. In addition, we find that entering self-employment from unemployment has a strong negative effect
on survival within self-employment. However, our results also show that the expenditure on start-up subsidies decreases the
risk of exiting self-employment specifically for the group of individuals entering self-employment from unemployment. Therefore,
the availability of these incentives might be seen by policymakers as not only a route to increase entry into self-employment,
but also as an adequate instrument for equalising survival chances across individuals entering self-employment from unemployment
and those entering with a different starting status. |
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Keywords: | |
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