Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival

Yannis Georgellis, John Sessions, Nikolaos Tsitsianis

Research output: Contribution to journalArticle

37 Citations (Scopus)

Abstract

We examine the factors that determine self-employment duration in Britain, paying particular attention to self-reported job satisfaction variables and non-pecuniary aspects of self-employment. Based on spell data from the British Household Panel Study, we estimate single-risk and competing-risks hazard models, separately for males and females. Our results show that job satisfaction is indeed a strong predictor of self-employment exit, even after controlling for standard economic and demographic variables. When five domain job satisfaction measures are used, we find that pay, job security and initiative are the three aspects of self-employment most valued by the self-employed themselves. Gender differences regarding the determinants of self-employment survival and exit destination states are also evident.
Original languageEnglish
Pages (from-to)94-112
Number of pages19
JournalQuarterly Review of Economics and Finance
Volume47
Issue number1
Publication statusPublished - 2007

Fingerprint

Self-employment
Job satisfaction
Exit
Economic variables
Competing risks
Panel study
Job security
Household
Predictors
Demographic variables
Gender differences
Hazard models
Destination
Factors

Keywords

  • Job Satisfaction
  • Non-labor Discrimination (J160)
  • Labor Demand (J230)
  • Economics of Gender
  • Safety
  • Related Public Policy (J280)

Cite this

Georgellis, Y., Sessions, J., & Tsitsianis, N. (2007). Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival. Quarterly Review of Economics and Finance, 47(1), 94-112.

Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival. / Georgellis, Yannis; Sessions, John; Tsitsianis, Nikolaos.

In: Quarterly Review of Economics and Finance, Vol. 47, No. 1, 2007, p. 94-112.

Research output: Contribution to journalArticle

Georgellis, Y, Sessions, J & Tsitsianis, N 2007, 'Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival', Quarterly Review of Economics and Finance, vol. 47, no. 1, pp. 94-112.
Georgellis, Yannis ; Sessions, John ; Tsitsianis, Nikolaos. / Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival. In: Quarterly Review of Economics and Finance. 2007 ; Vol. 47, No. 1. pp. 94-112.
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