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Unraveling the relationship between the business cycle and the own-account worker's decision to hire employees

机译:弄清经济周期与自营职业者雇用雇员的决定之间的关系

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We study the role of the business cycle in the individual decision of own-account workers to hire employees. Using panel data from the European Community Household Panel for the EU-15 countries, we show that own-account workers are less likely to hire employees during recessions. Next, we focus on identifying the underlying mechanisms of this negative relationship, while bearing in mind that liquidity constraints, unemployment and the prevalence of unpaid family workers are more common during recessions. First, we observe how liquidity constraints reduce the probability of transitioning from own-account worker to employer. Second, additional results from our paper suggest that formal education and former work experience (both work experience in paid employment and venture-specific work experience) are important assets for own-account workers which increase the probability that they create new jobs. Third, as a mechanism partly offsetting the lower probability of job creation during recessions, we also find that own-account workers who are assisted by unpaid family workers are more likely to start employing (salaried) personnel.
机译:我们研究了商业周期在自营职业者雇用员工的个人决定中的作用。使用来自欧盟15国的欧洲共同体家庭小组的小组数据,我们显示,在经济衰退期间,自营职业的员工不太可能雇用员工。接下来,我们着眼于确定这种负面关系的潜在机制,同时要记住,在经济衰退期间,流动性限制,失业和无薪家庭工人的普遍性更为普遍。首先,我们观察流动性约束如何减少从自营职业者转变为雇主的可能性。其次,本文的其他结果表明,正规教育和以前的工作经验(有薪就业的工作经验和针对特定风险企业的工作经验)是自营职业工人的重要资产,这增加了他们创造新工作的可能性。第三,作为部分抵销经济衰退期间创造就业机会的可能性较低的机制,我们还发现,由无薪家庭工人协助的自营职业者更有可能开始雇用(受薪)人员。

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