Self-Employment and Intergenerational Transfers
Liquidity Constraints and Family Environment
Bibliographic Data
| ID | 9951670 |
|---|---|
| Authors | Armand Laferrère (0000-0003-2126-0461, ENSAE Paris, corresponding author), Anne Laferrère |
| Year | 2001 |
| Volume | 31 |
| Issue | 1 |
| Pages | 3-26 |
| Publication date | 2001-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0020-7659 • E-ISSN: 1557-9336 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/15579336.2001.11770224 |
| OpenAlex | W2524935948 |
| Language | EN |
| Citations received | 8 |
| References cited | 17 |
The determinants of entrepreneurship (in the sense of being self-employed in crafts, commerce, or the liberal professions) are examined using exceptional data on intergenerational transfers of wealth, education, and family background. The respective importance of the level of assets, which relaxes liquidity constraints, and of an entrepreneurial environment are examined, the policy implications being quite different.The probability of becoming self-employed is 1.5 times higher for a son of a self-employed individual than for a son of a wage worker. There is evidence of liquidity constraints. However, they seem less binding for sons of entrepreneurs than for sons of wage workers. Furthermore, human capital does not play the same role. So the family environment is important even when no monetary transfers are involved. Nevertheless, whatever the family background, parents help entrepreneurs to have access to credit by providing collateral, indirectly relaxing the constraints
Collateral · Demographic economics · Economic growth · Economics · Entrepreneurship · Human capital · Labour economics · Market liquidity · Monetary economics · Self-employment · Social mobility · Sociology · Wage · Entrepreneurship Studies and Influences · Firm Innovation and Growth · Private Equity and Venture Capital
Education and Entrepreneurship Selection and Performance
Generational Encounters and the Social Formation of Entrepreneurial Identity
Entrepreneurial Activities in Post-Soviet Societies
Paths to Success
Segregation, entrepreneurship and work values
Regional intergenerational mobility in Ecuador
Women’s Participation in Self-Employment in Western Industrialized Nations
Self-Employment in Italy
An empirical analysis of self‐employment in the U.K.
Financial Capital, Human Capital, and the Transition to Self‐Employment
The constant flux
Des séries longues sur la population active, l'emploi et le chômage
Héritiers et héritages
An Estimated Model of Entrepreneurial Choice under Liquidity Constraints
A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion
Sticking it Out
Self-Employment and Windfall Gains
L'héritage de l'indépendance professionnelle selon les lignées, le sexe et le rang dans la fratrie
L'heritage de l'independance professionnelle
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,32 |
| Citation span | 2001 - 2024 (24) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |