Wage uncertainty and the labour supply of self-employed workers
Wage uncertainty and the labour supply of self-employed workers
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DOI:
10.1111/j.0013-0133.2005.00987.x
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发表时间:
2005-03-01
期刊:
影响因子:
3.2
通讯作者:
Barmby, T
中科院分区:
文献类型:
--
作者:
Parker, SC;Belghitar, Y;Barmby, T
We analyse the effects of wage uncertainty on the labour supply of self-employed workers, using PSID data on self-employed American males. The standard deviation of past wages, as a measure of wage uncertainty, is the key determinant of male self-employed labour supply, with a significant positive effect. In contrast there is no effect from the (instrumented) wage or other explanatory variables. Our findings are consistent with the self-employed 'self-insuring' in response to greater uncertainty by working longer hours, and they can also help explain why self-employed Americans work longer average hours for lower average wages than their employee counterparts.