Self-employment and wealth inequality
1998 (English)In: The Review of Income and Wealth, ISSN 0034-6586, E-ISSN 1475-4991, Vol. 44, no 1, 25-42 p.Article in journal (Refereed) Published
Is the decision to become and stay self-employed constrained by access to credit? If this is the case, a more unequal wealth distribution will—for empirically observed distributions–imply more self-employed, since the number of people able to provide collateral will be higher. Swedish data between 1920 and 1992 suggest that wealth inequality and the share of self-employed among those working are positively related. The data, therefore, are consistent with the hypothesis that liquidity constraints are binding on the decision to become and stay self-employed.
Place, publisher, year, edition, pages
1998. Vol. 44, no 1, 25-42 p.
Research subject Economics
IdentifiersURN: urn:nbn:se:uu:diva-59631DOI: 10.1111/j.1475-4991.1998.tb00250.xOAI: oai:DiVA.org:uu-59631DiVA: diva2:87541