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Employment or self-employment: A dynamic utility maximizing model

Levesque, Moren, Shepherd, Dean A., & Douglas, Evan J. (2002) Employment or self-employment: A dynamic utility maximizing model. Journal of Business Venturing, 17(3), pp. 189-210.

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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.

Impact and interest:

22 citations in Scopus
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18 citations in Web of Science®

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Full-text downloads:

587 since deposited on 23 Nov 2006
123 in the past twelve months

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ID Code: 5529
Item Type: Journal Article
Keywords: Douglas, E, employment, self employment, entrepreneurship
DOI: 10.1016/S0883-9026(00)00063-X
ISSN: 0883-9026
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2002 Elsevier
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 23 Nov 2006
Last Modified: 11 Aug 2011 03:25

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