On the Substitutability between Paid-employment and Self-employment: Evidence from the Period 1969–2014 in the United States

On the Substitutability between Paid-employment and Self-employment: Evidence from the Period 1969–2014 in the United States

This paper provides estimates of the elasticity of substitution between operational and managerial jobs in the US economy during the years 1969–2014, derived from an aggregate CES production function. Estimating the long-term relationship between (the log of) the aggregate employment/self-employment...

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Bibliographic Details
Main Authors: Emilio Congregado, Antonio A. Golpe, Vicente Esteve
Format: Article
Language:English
Published: MDPI AG 2019-01-01
Series:Sustainability
Subjects:
Elasticity of substitution
cointegration
business ownership
independent entrepreneurship
self-employment
structural breaks
Online Access:http://www.mdpi.com/2071-1050/11/2/507

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