How former business owners fare in the labor market? Job assignment and earnings

被引:45
作者
Baptista, Rui [1 ,2 ]
Lima, Francisco [1 ,3 ]
Preto, Miguel Torres [1 ,2 ]
机构
[1] Univ Tecn Lisboa, Inst Super Tecn, P-1049001 Lisbon, Portugal
[2] IN Ctr Innovat Technol & Policy Res, P-1049001 Lisbon, Portugal
[3] CEG IST, P-1049001 Lisbon, Portugal
基金
美国安德鲁·梅隆基金会;
关键词
Entrepreneurship; Business owner experience; Internal labor markets; Task-specific human capital; Matched employer-employee data; SELF-EMPLOYMENT; PROMOTION DYNAMICS; SIZE DISTRIBUTION; WAGE; CONSEQUENCES; ECONOMICS; SURVIVAL; FIRM; UNEMPLOYMENT; EXPERIENCE;
D O I
10.1016/j.euroecorev.2011.08.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study uses detailed longitudinal matched employer-employee data to examine the impact of entrepreneurial experience on job assignments, careers, and wages. The results suggest that there are significant differences in career mobility between former business owners and workers who were always wage employees. Former business owners enter firms at higher job levels and progress faster up the hierarchy than wage employees without entrepreneurial experience. The majority of the former business owners find jobs in small firms. The return to business ownership experience is lower than the return to wage employee experience, thus suggesting that the labor market imposes a penalty for business ownership experience. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:263 / 276
页数:14
相关论文
共 64 条
[1]   Entrepreneurs, Jacks of all trades or Hobos? [J].
Astebro, Thomas ;
Thompson, Peter .
RESEARCH POLICY, 2011, 40 (05) :637-649
[2]   THE INTERNAL ECONOMICS OF THE FIRM - EVIDENCE FROM PERSONNEL DATA [J].
BAKER, G ;
GIBBS, M ;
HOLMSTROM, B .
QUARTERLY JOURNAL OF ECONOMICS, 1994, 109 (04) :881-919
[3]   THE WAGE POLICY OF A FIRM [J].
BAKER, G ;
GIBBS, M ;
HOLMSTROM, B .
QUARTERLY JOURNAL OF ECONOMICS, 1994, 109 (04) :921-955
[4]   THE EFFECT OF IMPLICIT CONTRACTS ON THE MOVEMENT OF WAGES OVER THE BUSINESS-CYCLE - EVIDENCE FROM MICRO DATA [J].
BEAUDRY, P ;
DINARDO, J .
JOURNAL OF POLITICAL ECONOMY, 1991, 99 (04) :665-688
[5]  
Becker G. S., 1975, Human Capital
[6]   INVESTMENT IN HUMAN-CAPITAL - A THEORETICAL-ANALYSIS [J].
BECKER, GS .
JOURNAL OF POLITICAL ECONOMY, 1962, 70 (05) :9-49
[7]   PRODUCTION OF HUMAN CAPITAL AND LIFE CYCLE OF EARNINGS [J].
BENPORATH, Y .
JOURNAL OF POLITICAL ECONOMY, 1967, 75 (04) :352-365
[8]   STRATEGIC PROMOTION AND COMPENSATION [J].
BERNHARDT, D .
REVIEW OF ECONOMIC STUDIES, 1995, 62 (02) :315-339
[9]   What hides behind an unemployment rate: Comparing Portuguese and US labor markets [J].
Blanchard, O ;
Portugal, P .
AMERICAN ECONOMIC REVIEW, 2001, 91 (01) :187-207
[10]   The labor market consequences of experience in self-employment [J].
Bruce, D ;
Schuetze, HJ .
LABOUR ECONOMICS, 2004, 11 (05) :575-598