Self-Employment and Wealth Inequality.
Is the decision to become and stay self-employed constrained by access to credit? If this is the case, a more unequal wealth distribution will--for empirically observed distributions--imply more self-employed, since the number of people able to provide collateral will be higher. Swedish data between 1920 and 1992 suggest that wealth inequality and the share of self-employed among those working are positively related. The data, therefore, are consistent with the hypothesis that liquidity constraints are binding on the decision to become and stay self-employed. Copyright 1998 by The International Association for Research in Income and Wealth.
Year of publication: |
1998
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Authors: | Lindh, Thomas ; Ohlsson, Henry |
Published in: |
Review of Income and Wealth. - International Association for Research in Income and Wealth - IARIW. - Vol. 44.1998, 1, p. 25-42
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Publisher: |
International Association for Research in Income and Wealth - IARIW |
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