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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27452 |
来源ID | Working Paper 27452 |
Personal Wealth and Self-Employment | |
Aymeric Bellon; J. Anthony Cookson; Erik P. Gilje; Rawley Z. Heimer | |
发表日期 | 2020-06-29 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We examine how wealth windfalls affect self-employment decisions using data on cash payments from claims on Texas shale drilling to people throughout the United States. Individuals who receive large wealth shocks (greater than $50,000) have 51% higher self-employment rates. The increase in self-employment rates is driven by individuals who lengthen existing self-employment spells, and not by individuals who leave regular employment for self-employment. Moreover, the effect of wealth reverts for individuals whose payments run out. Rather than alleviating a financial constraint, our evidence suggests that unrestricted cash windfalls affect self-employment decisions primarily through self-employment’s non-pecuniary benefits. |
主题 | Financial Economics ; Industrial Organization ; Firm Behavior |
URL | https://www.nber.org/papers/w27452 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585125 |
推荐引用方式 GB/T 7714 | Aymeric Bellon,J. Anthony Cookson,Erik P. Gilje,et al. Personal Wealth and Self-Employment. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27452.pdf(613KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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