Resource title

Social Capital and the Uncertainty Reduction of Self-Employment

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Resource description

We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three times in life in 1957, 1983 and 1993. The self-employment probability equals 155 and peaks between ages 24 and 26. Duration analysis shows that social capital is the most important resource for self-employment.

Resource author

Boris F. Blumberg, Gerard A. Pfann

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21157

Resource license

Adapt according to the presented license agreement and reference the original author.