Labor-Force Dynamics at Older Ages: Movements Into Self-Employment for Workers and Nonworkers

Labor-Force Dynamics at Older Ages Movements Into Self-Employment for Workers and Nonworkers

Labor-market transitions toward the latter parts of workers' careers can be complex, with movement between jobs and classes of work and in and out of retirement. The authors analyzed factors associated with the labor-market transitions of older workers to self-employment from unemployment or di...

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Bibliographic Details
Published in:Research on aging Vol. 31; no. 1; pp. 89 - 111
Main Authors: Zissimopoulos, Julie M., Karoly, Lynn A.
Format: Journal Article
Language:English
Published: Los Angeles, CA SAGE Publications 01-01-2009
SAGE PUBLICATIONS, INC
Subjects:
Elderly
Job Characteristics
Labor force
Labor market
Labour force
Labour market
Older workers
Retirement
Risk aversion
Salaries
Self Employment
Transitions
Unemployment
Workers
unemployment
risk aversion
liquidity constraints
self-employment
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Summary:Labor-market transitions toward the latter parts of workers' careers can be complex, with movement between jobs and classes of work and in and out of retirement. The authors analyzed factors associated with the labor-market transitions of older workers to self-employment from unemployment or disability, retirement, or wage and salary work using rich panel data from seven waves of the Health and Retirement Study (HRS). They found evidence that (prior) job characteristics and liquidity constraints are important predictors of movements to self-employment for workers and nonworkers, while risk aversion is a significant predictor only for workers.
Bibliography:ObjectType-Article-1
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ISSN:0164-0275
1552-7573
DOI:10.1177/0164027508324642