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Self-employment and windfall gains: evidence from the Swedish lottery

Article Abstract:

A study was conducted to ascertain if windfall gains influence a person's decision to become and remain self-employed. Evidence of liquidity constraints was found from Swedish microdata on lottery winnings in 1981. The finding suggests that the probability of being self-employed rises when people receive windfall gains from lottery winnings as well as inheritances. This supports the hypothesis that liquidity constraints influence the decision to become and stay self-employed.

Author: Lindh, Thomas, Ohlsson, Henry
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1996
Research, Finance, Self-employed persons, Self employed persons, Liquidity (Finance), Inheritance and succession, Lottery winners

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Employment, Income Distribution and Economic Growth in Seven Small Open Economies

Article Abstract:

Trade policy and wage policy are important contributors to economic growth. Full employment is necessary for economic growth as are strict wage policies. Wage policy determines the choice between export-oriented trade strategy and inward oriented trade strategy.

Author: Fields, G.S.
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1984
Economic policy, Economic development

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