Entrepreneurship among married couples in the United States
Subtitle: a simultaneous probit approach
By: by Simon C. Parker.
Series: Discussion paper ;; no. 1712; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1712
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Married people -- United States.; Entrepreneurship -- United States.; Family-owned business enterprises -- United States.
Description: "This article proposes a simultaneous probit equation framework to analyse the business ownership patterns of married couples in the United States. A structural model of knowledge spillovers within couples is formulated and estimated. Empirical analysis reveals significant and substantial positive interdependence of business ownership propensities within couples. We argue that the evidence is consistent with both male and female spouses receiving positive knowledge transfers from the other. Conversely, there appears to be little support for alternative explanations of interdependent occupational choices based on assortative mating, role model effects, risk diversification, or intrahousehold wealth transfers. We conclude that the conventional practice of ignoring occupational interdependence can generate misleading conclusions about the determinants of business ownership in America"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 8/16/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.