Journal article | Zeitschriftenartikel
The retirement behaviour of the self-employed in Britain
We analyse the retirement behaviour of older self-employed workers, using a life cycle framework and a multinomial logit model of dynamic employment and retirement choices. Using data from the two-wave Retirement Survey, we find that greater actual or potential earnings decrease the probability of retirement among the self-employed. In contrast to employees, none of gender, health or family circumstances appear to affect self-employed retirement decisions. The dynamic analysis reveals that relatively few employees and virtually no retirees switch into self-employment in later life. The switches that do occur are motivated less by attempts to use self-employment as a bridge job or `stepping stone' to full retirement, than by self-employment being a last resort for less affluent workers with job histories of weak attachment to the labour market. We compare self-employed and employee retirement behaviour, and discuss the policy implications of our results.
- Extent
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Seite(n): 697-713
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Applied Economics, 39(6)
- Event
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Geistige Schöpfung
- (who)
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Parker, Simon C
- Event
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Veröffentlichung
- (when)
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2007
- DOI
- URN
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urn:nbn:de:0168-ssoar-239597
- Rights
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
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21.06.2024, 4:26 PM CEST
Data provider
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Parker, Simon C
Time of origin
- 2007
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The Swedish social insurance system for the self-employed
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Valuing the Time of the Self-Employed
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Self-employed collective representation
The Self-employed Women's Association, Ahmedabad, India
State Medicaid Expansion and the Self-Employed
Understanding pension saving among the self-employed
The Swedish social insurance system for the self-employed
The Stature of the Self-employed and its Premium
The entrepreneurial culture: guiding principles of the self-employed