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Table 14 Effects of windfall gains on probability of becoming self-employed

From: Windfall gains and labour supply: evidence from the European household panel

 

Dependent variable: self-employed dummy

 

All

Men

Women

All

Men

Women

 

(1)

(2)

(3)

(4)

(5)

(6)

Windfall gains dummy

0.00807***

0.0122***

0.00399

   
 

(0.00231)

(0.00358)

(0.00297)

   

Small windfall gains dummy

   

0.00198

0.00599

−0.00195

   

(0.00294)

(0.00454)

(0.00378)

Medium windfall gains dummy

   

0.00900***

0.0147***

0.00345

   

(0.00317)

(0.00492)

(0.00406)

Large windfall gains dummy

   

0.0144***

0.0175**

0.0120*

   

(0.00535)

(0.00832)

(0.00685)

Age

0.0208***

0.0312***

0.0114***

0.0212***

0.0316***

0.0117***

 

(0.00175)

(0.00272)

(0.00222)

(0.00174)

(0.00272)

(0.00222)

Age^2

−0.000243***

−0.000359***

−0.000139***

−0.000245***

−0.000361***

−0.000140***

 

(1.99e-05)

(3.09e-05)

(2.53e-05)

(1.99e-05)

(3.09e-05)

(2.53e-05)

Married dummy

0.0219***

0.0335***

0.00945*

0.0219***

0.0334***

0.00944*

 

(0.00437)

(0.00680)

(0.00560)

(0.00437)

(0.00680)

(0.00560)

Children 0–6 in household dummy

−0.000748

−0.00464

0.00135

−0.000758

−0.00475

0.00147

(0.00367)

(0.00552)

(0.00486)

(0.00367)

(0.00552)

(0.00487)

Children 7–15 in household dummy

−0.00284

−0.00471

−0.00221

−0.00280

−0.00469

−0.00214

(0.00333)

(0.00516)

(0.00429)

(0.00333)

(0.00516)

(0.00429)

Constant

−0.316***

−0.490***

−0.156***

−0.328***

−0.502***

−0.169***

 

(0.0378)

(0.0591)

(0.0482)

(0.0377)

(0.0589)

(0.0481)

Observations

54210

26177

28033

54210

26177

28033

Number of individuals

10397

5088

5309

10397

5088

5309

R-squared

0.005

0.011

0.002

0.006

0.011

0.002

  1. Standard errors in parentheses, *significant at 10%; **significant at 5%; ***significant at 1%. All regressions include individual fixed-effects.