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Post-closure Career Paths of Self-Employed Workers

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초록

This study documents self-employed workers’ characteristics associated with their career paths after a business closure in order to improve employment insurance for such workers. Utilizing work history data from the Korean Labor & Income Panel Survey, a competing-risks regression model is adopted in order to study how self-employed workers’ career paths after unemployment (i.e., business closure) vary according to their characteristics. The findings suggest that the post-closure career paths of self-employed workers are associated with (i) their revenue and income, (ii) the individuals’ demographic characteristics, and (iii) the industry in which they operate. Several policy implications for employment insurance that better caters to the needs of self-employed workers are derived from the empirical results.

Abstract

This study documents self-employed workers’ characteristics associated with their career paths after a business closure in order to improve employment insurance for such workers. Utilizing work history data from the Korean Labor & Income Panel Survey, a competing-risks regression model is adopted in order to study how self-employed workers’ career paths after unemployment (i.e., business closure) vary according to their characteristics. The findings suggest that the post-closure career paths of self-employed workers are associated with (i) their revenue and income, (ii) the individuals’ demographic characteristics, and (iii) the industry in which they operate. Several policy implications for employment insurance that better caters to the needs of self-employed workers are derived from the empirical results.

참고문헌 (14)

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  2. Choi, Whayoung, "A Study on the Factors Affecting Job Separation by Middle and Old aged Self-Employed using KLoSA Panel", The Journal of Vocational Education Research, 37(1), pp.119~138 (2018)
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  7. Redesigning Safety Nets as a Response to New Challenges, "Lee, Youngwook", Korea Development Institute, ~, pp.Policy Study 2021-02 (2021)
  8. Lim, Sung-Hee, "Survival Analysis of Private Start-up Businesses", Journal of the Korean Official Statistics, 26(2), pp.1~30 (2021)
  9. Moon, Sanggyun, "A Study on Determinants of the Elderly’s Self-employment Exits-Focusing on why they exit from their owned business", Korean Journal of Labor Economics, 43(3), pp.1~31 (2020)
  10. Analysis on the Determinants of Exit of Self-Employed Businesses in Korea, "Nam, Yunmi", Bank of Korea, ~, pp.Bank of Korea WP 2017-5 (2017)
  11. OECD, "Towards Better Social and Employment Security in Korea, Connecting People with Jobs" (2018), OECD Publishing
  12. OECD, "OECD Economic Surveys: Korea 2022" (2022), OECD Publishing
  13. Unemployment Insurance for the Self-employed: A Way Forward Post-Corona, "Schoukens, Paul", IAB, ~, pp.IAB-Discussion Paper 32 (2020)
  14. The Economically Active Population Survey, "Statistics Korea", ~

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