Parker, S. C. and Barmby, T. and Belghitar, Y. (2005) 'Wage uncertainty and the labour supply of self-employed workers.', Economic journal., 115 (502). C190-C207.
We analyse the effects of wage uncertainty on the labour supply of self-employed workers, using PSID data on self-employed American males. The standard deviation of past wages, as a measure of wage uncertainty, is the key determinant of male self-employed labour supply, with a significant positive effect. In contrast there is no effect from the (instrumented) wage or other explanatory variables. Our findings are consistent with the self-employed 'self-insuring' in response to greater uncertainty by working longer hours, and they can also help explain why self-employed Americans work longer average hours for lower average wages than their employee counterparts.
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|Publisher Web site:||http://dx.doi.org/10.1111/j.0013-0133.2005.00987.x|
|Record Created:||03 Apr 2007|
|Last Modified:||12 Feb 2010 13:13|
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