Self-Employment and Labor Force Participation of Older Males (Revised) / Victor R. Fuchs.

Format:

Book

Author/Creator:

Fuchs, Victor R.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0584.

NBER working paper series no. w0584

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Self-Employment and Labor Force Participation of Older Males

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1980.

Summary:

This longitudinal analysis of the labor market behavior of older, urban white males in 1969, 1971, and 1973 focuses on changes from wage-and-salary to self-employment and changes from working to non-working status. In each two-year transition approximately four percent of wage-and-salary workers switched to self-employment. They were primarily men who were previously self-employed or who were in wage-and-salary occupations with characteristics similar to self-employment, e.g., managers and salesmen. For a blue collar worker employed forty hours per week the predicted probability of switching was close to zero. Controlling for a large number of economic and demographic variables, the self-employed were significantly more likely to continue to work, partly by reducing their workweek to under 35 hours. Other significant predictors of continuing to work are good health, years of schooling, white collar occupation, no expectation of a private pension, and a workweek longer than fifty hours. Age is also important, especially at the eligibility ages set by social security.

Notes:

Print version record

November 1980.