Work

Employment or Self-Employment: A Dynamic Utility-Maximizing Model

Year: 2002

Type: preprint

Abstract: This article presents a dynamic utility maximizing model of career choice between self employment and employment that takes into consideration the differences among people in terms of their initial utility toward job attributes and the likely changes to those utility weights as they mature. These differences between people effect the choice of career that maximizes their utility and leads to five optimal career paths. This dynamic utility maximizing model helps increase our understanding of why some people become self employed but importantly why and when some self employed switch to employment.

Source: SSRN Electronic Journal

Authors: Moren Lévesque, Dean A. Shepherd, Evan J. Douglas

Institutions: Rensselaer Polytechnic Institute, University of Colorado Boulder, Queensland University of Technology

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1555511182

Cites:

Cited by: 12

Related to: 10