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Self-employment survival in China: does family involvement matter?
- Source :
-
Journal of the Asia Pacific Economy . Oct2024, p1-31. 31p. 1 Illustration. - Publication Year :
- 2024
-
Abstract
- AbstractUsing data from the China Household Finance Survey spanning 2015–2019, we investigate the relationship between family involvement and self-employment survival. Instrumental variables are used to address the potential endogeneity of family involvement. We show that family involvement is crucial in reducing self-employment exit. This significant effect is more pronounced in elderly self-employed and self-employed with children aged 0–5. The underlying mechanisms reveal that family members’ participation in self-employment flexibly allocates idle household labor and improves the household employment rate. Meanwhile, self-employment with family involvement may have better access to credit and better performance, thus enhancing self-employment survival. Our findings are validated by robustness checks, including a discrete time complementary log–log model and estimations using alternative measurements of family involvement and self-employment exit. Our study has useful implications for policy-makers to stimulate family involvement to promote self-employment survival. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 13547860
- Database :
- Academic Search Index
- Journal :
- Journal of the Asia Pacific Economy
- Publication Type :
- Academic Journal
- Accession number :
- 180442731
- Full Text :
- https://doi.org/10.1080/13547860.2024.2419152