Human capital is necessary to acquire skills.
Social capital dampens the effects of uncertainty about future income.
The self-employment probability equals .155 and peaks between ages 24 and 26. Duration analysis shows that social capital is the most important resource for self-employment. The complete document may be downloaded or viewed using Adobe Acrobat Reader. If you do not have Adobe Acrobat Reader, you can download it from Adobe . Copyright 2000-2001 by The University of Chicago .