Self-Employment and Wealth Inequality. Lindh, T. & Ohlsson, H. Review of Income and Wealth, 44(1):25–42, 1998.
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Is the decision to become and stay self-employed constrained by access to credit? If this is the case, a more unequal wealth distribution will— for empirically observed distributions— imply more self-employed, since the number of people able to provide collateral will be higher. Swedish data between 1920 and 1992 suggest that wealth inequality and the share of self-employed among those working are positively related. The data, therefore, are consistent with the hypothesis that liquidity constraints are binding on the decision to become and stay self-employed.
@article{LindhOhlsson1998,
  title = {Self-Employment and Wealth Inequality},
  author = {Lindh, Thomas and Ohlsson, Henry},
  year = {1998},
  journal = {Review of Income and Wealth},
  volume = {44},
  number = {1},
  pages = {25--42},
  doi = {10.1111/j.1475-4991.1998.tb00250.x},
  url = {https://doi.org/10.1111/j.1475-4991.1998.tb00250.x},
  abstract = {Is the decision to become and stay self-employed constrained by access to credit? If this is the case, a more unequal wealth distribution will\textemdash for empirically observed distributions\textemdash imply more self-employed, since the number of people able to provide collateral will be higher. Swedish data between 1920 and 1992 suggest that wealth inequality and the share of self-employed among those working are positively related. The data, therefore, are consistent with the hypothesis that liquidity constraints are binding on the decision to become and stay self-employed.},
  keywords = {Determinants of Wealth and Wealth Inequality,Impacts of Wealth Inequality,Trends in Aggregate Wealth and Wealth Inequality}
}

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