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Self-Employment in Italy: The Role of Social Security Wealth
| Content Provider | Scilit |
|---|---|
| Author | Borella, Margherita Belloni, Michele |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal Using a rich micro dataset drawn from administrative archives, we explore whether Social Security Wealth (SSW) is an important factor affecting the decision to become self-employed in Italy. We focus on the two main categories of self-employed professions covered by the Italian public pension system: craftsmen and shopkeepers. We use the large exogenous variation in individual expected SSW that occurred as a result of the policy reform process undertaken in Italy during the 1990s to identify the effect of this variable and we study how the probability of being self-employed or employed depends, amongst other things, on the difference in the expected SSW that accrues under the two alternative employment scenarios. Our key finding is that a higher difference in expected SSW from self-employment compared to employment has a positive effect on the probability of being self-employed and on the probability of switching to self-employment, while it has a negative effect on the probability of switching from self-employment to employment. We also study how these effects vary with age and, in general, we find that the effect is, in absolute terms, stronger at younger and older ages. |
| Related Links | http://www.cerp.carloalberto.org/wp-content/uploads/2016/03/WP_159.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2743103 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2743103 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-02-11 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Social Sciences, Interdisciplinary Social Security Wealth Social Security Reforms |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |