English, Article edition: Drug Dealing and Legitimate Self-Employment Robert W. Fairlie

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Bookmark: http://trove.nla.gov.au/version/196299
Physical Description
  • article
Language
  • English

Edition details

Title
  • Drug Dealing and Legitimate Self-Employment
Author
  • Robert W. Fairlie
Physical Description
  • article
Notes
  • Theoretical models of self-employment posit that attitudes toward risk, entrepreneurial ability, and preferences for autonomy are central to the individual's decision between self-employment and wage/​salary work. I provide indirect evidence on this hypothesis by examining the relationship between drug dealing as a youth and legitimate self-employment in later years using data from the National Longitudinal Survey of Youth. I find that drug dealers are 11%21% more likely to choose self-employment than non-drug-dealers, all else equal. After ruling out a few alternative explanations, I interpret these results as providing indirect evidence supporting the hypothesis.
  • RePEc:ucp:jlabec:v:20:y:2002:i:3:p:538-567
Language
  • English
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