Transitions to Self-Employment at Older Ages: The Role of Wealth, Health, Health Insurance, and Other Factors
Dec 21, 2004
The Role of Wealth, Health, Health Insurance, and Other Factors
Published in: Labour Economics, v. 14, issue 2, April 2007, p. 269-295
Posted on RAND.org on January 01, 2007
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.