The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform
We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement...
Ausführliche Beschreibung
Autor*in: |
Li, Yue [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
2016 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Labour economics - Amsterdam [u.a.] : Elsevier, 1993, 41(2016), Seite 280-290 |
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Übergeordnetes Werk: |
volume:41 ; year:2016 ; pages:280-290 |
Links: |
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DOI / URN: |
10.1016/j.labeco.2016.05.028 |
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10.1016/j.labeco.2016.05.028 doi PQ20161012 (DE-627)OLC1983286532 (DE-599)GBVOLC1983286532 (PRQ)c1263-4d189bdfc8b4ed064a9e55f2146673b1d7a0b8b7be6467495387926c4dc58a330 (KEY)0224699620160000041000000280roleofwealthinthestartupdecisionofnewselfemployede DE-627 ger DE-627 rakwb eng 330 DNB 83.00 bkl Li, Yue verfasserin aut The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. Causality Self employment Wealth Studies Employment Transitions Mastrogiacomo, Mauro oth Hochguertel, Stefan oth Bloemen, Hans oth Enthalten in Labour economics Amsterdam [u.a.] : Elsevier, 1993 41(2016), Seite 280-290 (DE-627)171221907 (DE-600)1167233-X (DE-576)038719711 0927-5371 nnns volume:41 year:2016 pages:280-290 http://dx.doi.org/10.1016/j.labeco.2016.05.028 Volltext http://search.proquest.com/docview/1816843813 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_70 GBV_ILN_4028 GBV_ILN_4311 83.00 AVZ AR 41 2016 280-290 |
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10.1016/j.labeco.2016.05.028 doi PQ20161012 (DE-627)OLC1983286532 (DE-599)GBVOLC1983286532 (PRQ)c1263-4d189bdfc8b4ed064a9e55f2146673b1d7a0b8b7be6467495387926c4dc58a330 (KEY)0224699620160000041000000280roleofwealthinthestartupdecisionofnewselfemployede DE-627 ger DE-627 rakwb eng 330 DNB 83.00 bkl Li, Yue verfasserin aut The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. Causality Self employment Wealth Studies Employment Transitions Mastrogiacomo, Mauro oth Hochguertel, Stefan oth Bloemen, Hans oth Enthalten in Labour economics Amsterdam [u.a.] : Elsevier, 1993 41(2016), Seite 280-290 (DE-627)171221907 (DE-600)1167233-X (DE-576)038719711 0927-5371 nnns volume:41 year:2016 pages:280-290 http://dx.doi.org/10.1016/j.labeco.2016.05.028 Volltext http://search.proquest.com/docview/1816843813 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_70 GBV_ILN_4028 GBV_ILN_4311 83.00 AVZ AR 41 2016 280-290 |
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10.1016/j.labeco.2016.05.028 doi PQ20161012 (DE-627)OLC1983286532 (DE-599)GBVOLC1983286532 (PRQ)c1263-4d189bdfc8b4ed064a9e55f2146673b1d7a0b8b7be6467495387926c4dc58a330 (KEY)0224699620160000041000000280roleofwealthinthestartupdecisionofnewselfemployede DE-627 ger DE-627 rakwb eng 330 DNB 83.00 bkl Li, Yue verfasserin aut The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. Causality Self employment Wealth Studies Employment Transitions Mastrogiacomo, Mauro oth Hochguertel, Stefan oth Bloemen, Hans oth Enthalten in Labour economics Amsterdam [u.a.] : Elsevier, 1993 41(2016), Seite 280-290 (DE-627)171221907 (DE-600)1167233-X (DE-576)038719711 0927-5371 nnns volume:41 year:2016 pages:280-290 http://dx.doi.org/10.1016/j.labeco.2016.05.028 Volltext http://search.proquest.com/docview/1816843813 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_70 GBV_ILN_4028 GBV_ILN_4311 83.00 AVZ AR 41 2016 280-290 |
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10.1016/j.labeco.2016.05.028 doi PQ20161012 (DE-627)OLC1983286532 (DE-599)GBVOLC1983286532 (PRQ)c1263-4d189bdfc8b4ed064a9e55f2146673b1d7a0b8b7be6467495387926c4dc58a330 (KEY)0224699620160000041000000280roleofwealthinthestartupdecisionofnewselfemployede DE-627 ger DE-627 rakwb eng 330 DNB 83.00 bkl Li, Yue verfasserin aut The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. Causality Self employment Wealth Studies Employment Transitions Mastrogiacomo, Mauro oth Hochguertel, Stefan oth Bloemen, Hans oth Enthalten in Labour economics Amsterdam [u.a.] : Elsevier, 1993 41(2016), Seite 280-290 (DE-627)171221907 (DE-600)1167233-X (DE-576)038719711 0927-5371 nnns volume:41 year:2016 pages:280-290 http://dx.doi.org/10.1016/j.labeco.2016.05.028 Volltext http://search.proquest.com/docview/1816843813 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_70 GBV_ILN_4028 GBV_ILN_4311 83.00 AVZ AR 41 2016 280-290 |
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The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform |
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We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. |
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We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. |
abstract_unstemmed |
We study whether wealth affects transitions from wage-employment to self-employment using a large sample from administrative panel data for the Netherlands. To isolate the causal effect of wealth, we rely on a reform of the pension system that abolished preferential tax treatment of early retirement for cohorts born after January 1, 1950. This exogenous reduction in pension wealth has a significant negative effect on the transition into self-employment. We compute that the average reduction of net future pension wealth by 16,000 euros in our sample, triggered by the reform, reduces the transition rate into self-employment by 38%. |
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The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform |
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