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Transitions to Self-Employment at Older Ages The Role of Wealth, Health, Health Insurance, and Other Factors

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  • Julie Zissimopoulos
  • Lynn A. Karoly

Abstract

Relatively little research has been devoted to studying self-employment among older workers although they make up a disproportionate share of the self-employed workforce. This study uses 5 waves of panel data from the Health and Retirement Study to investigate the determinants of labor force transitions to self-employment at older ages. We estimate a multinomial logit model of transitions from wage and salary employment to self-employment, retirement or not working. Results are compared with those found in previous studies. New findings on the impact of health on transitions to self-employment are highlighted.

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  • Julie Zissimopoulos & Lynn A. Karoly, 2004. "Transitions to Self-Employment at Older Ages The Role of Wealth, Health, Health Insurance, and Other Factors," Working Papers WR-135, RAND Corporation.
    • Handle: RePEc:ran:wpaper:wr-135
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    1. Zissimopoulos, Julie M. & Karoly, Lynn A., 2007. "Transitions to self-employment at older ages: The role of wealth, health, health insurance and other factors," Labour Economics, Elsevier, vol. 14(2), pages 269-295, April.

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