Cover: Transitions to Self-Employment at Older Ages

Transitions to Self-Employment at Older Ages

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 2007

by Julie Zissimopoulos, Lynn A. Karoly

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.

This report is part of the RAND external publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.