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Self-employment: what can we learn from recent developments?

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  • Tatomir, Srdan

    (Bank of England)

Abstract

Self-employment has become an important feature of the UK labour market, accounting for around a third of the growth in employment since 2010. Developments in self-employment — and the reasons behind them — can provide information on the overall degree of spare capacity in the labour market which, in turn, can influence wages and inflation. While cyclical factors have played a role, much of the recent increase in self-employment reflects longer term trends — such as an ageing workforce — that began before the recession and are, therefore, unlikely to reflect additional slack above what is already captured by staff estimates.

Suggested Citation

  • Tatomir, Srdan, 2015. "Self-employment: what can we learn from recent developments?," Bank of England Quarterly Bulletin, Bank of England, vol. 55(1), pages 56-66.
    • Handle: RePEc:boe:qbullt:0165
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    References listed on IDEAS

    as
    1. Faccini, Renato & Hackworth, Christopher, 2010. "Changes in output, employment and wages during recessions in the United Kingdom," Bank of England Quarterly Bulletin, Bank of England, vol. 50(1), pages 43-50.
    2. Oulton, Nicholas, 2012. "Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting," Economic Modelling, Elsevier, vol. 29(5), pages 1722-1736.
    3. Dawson, Christopher & Henley, Andrew & Latreille, Paul L., 2009. "Why Do Individuals Choose Self-Employment?," IZA Discussion Papers 3974, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Brown, Donna & Wadsworth, Jonathan, 2022. "Accidents will happen: (de)regulation of health and safety legislation, workplace accidents and self employment," LSE Research Online Documents on Economics 117890, London School of Economics and Political Science, LSE Library.
    2. Tony Jackson, 2015. "Entrepreneurship training in tertiary education and business," Local Economy, London South Bank University, vol. 30(5), pages 467-472, August.
    3. Gillian Gray & Helen Lawton Smith, 2020. "Experience versus youth: An exploratory study of the motivations of older entrepreneurs," Working Papers 46, Birkbeck Centre for Innovation Management Research, revised Aug 2020.
    4. Jonathan Cribb & Helen Miller & Thomas Pope & Jonathan Cribb, 2019. "Who are business owners and what are they doing?," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2019-12, Economic Statistics Centre of Excellence (ESCoE).
    5. Chris Belfield & Richard Blundell & Jonathan Cribb & Andrew Hood & Robert Joyce, 2017. "Two Decades of Income Inequality in Britain: The Role of Wages, Household Earnings and Redistribution," Economica, London School of Economics and Political Science, vol. 84(334), pages 157-179, April.

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