Self-employment and windfall gains: Evidence from the Swedish Lottery
1996 (English)In: Economic Journal, ISSN 0013-0133, E-ISSN 1468-0297, Vol. 106, no 439, 1515-1526 p.Article in journal (Refereed) Published
Is the decision to become self-employed constrained by access to credit? Swedish microdata suggestthat the probability of being self-employed increases when people receive windfall gains in the formof lottery winnings and inheritances. The data, therefore, are consistent with the hypothesis thatliquidity constraints are binding on the decision to become and stay self-employed.
Place, publisher, year, edition, pages
1996. Vol. 106, no 439, 1515-1526 p.
Research subject Economics
IdentifiersURN: urn:nbn:se:uu:diva-68873DOI: 10.2307/2235198 OAI: oai:DiVA.org:uu-68873DiVA: diva2:96784