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来源类型Working Paper
规范类型报告
DOI10.3386/w29725
来源IDWorking Paper 29725
The Transformation of Self Employment
Innessa Colaiacovo; Margaret G. Dalton; Sari Pekkala Kerr; William R. Kerr
发表日期2022-02-07
出版年2022
语种英语
摘要Over the past half-century, while self-employment has consistently accounted for around one in ten of the United States workforce, its composition has changed. Since 1970, industries with high startup capital requirements have declined from 53% of self-employment to 23%. This same time period also witnessed declines in "hometown" local entrepreneurship and the probability of the self-employed being among top earners. Using 2016 data, we show that high startup capital requirements are linked with lower profitability at small scales. The transition away from high startup capital industries appears most closely linked to changes in small business production functions and less due to advantageous reallocation to other opportunities, growth in returns-to-scale among large businesses, or a worsening of financing conditions and debt levels.
主题Microeconomics ; Households and Firms ; Financial Economics ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Unemployment and Immigration ; Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w29725
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587399
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GB/T 7714
Innessa Colaiacovo,Margaret G. Dalton,Sari Pekkala Kerr,et al. The Transformation of Self Employment. 2022.
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