Transitions to Self-Employment at Older Ages
The Role of Wealth, Health, Health Insurance, and Other Factors
Relatively little research has been devoted to studying self-employment among older workers although they make up a disproportionate share of the self-employed workforce. This study uses 5 waves of panel data from the Health and Retirement Study to investigate the determinants of labor force transitions to self-employment at older ages. We estimate a multinomial logit model of transitions from wage and salary employment to self-employment, retirement or not working. Results are compared with those found in previous studies. New findings on the impact of health on transitions to self-employment are highlighted.
- Copyright: RAND Corporation
- Availability: Web-Only
- Paperback Pages: 58
- Document Number: WR-135
- Year: 2004
- Series: Working Papers
This research was performed within RAND Labor and Population.
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