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Title: Financial Capital, Human Capital, and the Transition to Self-Employment: Evidence from Intergenerational Links
Resulting in 1 citation.
1. Dunn, Thomas Albert
Holtz-Eakin, Douglas
Financial Capital, Human Capital, and the Transition to Self-Employment: Evidence from Intergenerational Links
Journal of Labor Economics 18,2 (April 2000): 282-305.
Also: http://www.jstor.org/stable/10.1086/209959
Cohort(s): Mature Women, Older Men, Young Men
Publisher: University of Chicago Press
Keyword(s): Assets; Family Income; Human Capital; Intergenerational Patterns/Transmission; Parental Influences; Self-Employed Workers; Wages

We use data from the National Longitudinal Surveys to investigate the relative importance of family financial and human capital in the transition into self-employment. Specifically, we estimate the impacts of individual's own wealth and human capital and parental wealth and self-employment experience on the probability that an individual transits from wage-and-salary to self-employment. We find young men's own financial assets exert a statistically significant but quantitatively modest effect on the transition. In contrast, parents' capital exerts a large influence. Parents' strongest effect runs, not through financial means, but rather through their own self-employment experience and business success.
Bibliography Citation
Dunn, Thomas Albert and Douglas Holtz-Eakin. "Financial Capital, Human Capital, and the Transition to Self-Employment: Evidence from Intergenerational Links." Journal of Labor Economics 18,2 (April 2000): 282-305.