An empirical analysis of self‐employment in the U.K.
英国自雇选择的实证分析
Abstract The paper formulates a self‐employment/paid‐employment choice problem that draws upon Knight's notion that the individual responds to the risk‐adjusted relative earnings opportunities in each sector. Based on a development of such choice‐theoretic considerations, an econometric model is developed with the purpose of empirically examining the determinants of self‐employment. The model features simultaneous determination of employment status and earnings, which allows…