Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2155207
Is pension insurance a barrier to entrepreneurship? New evidence from China
Yian Chen
Li Guiping
Wenjing Gao
Sažetak
This article provides evidence of the impact of pension insurance
on entrepreneurship. It uses recent, nationally representative sample
data from the Chinese General Social Survey (2013). We use a
probit regression model to investigate whether the pension insurance
converge rate affects the probability of a person becoming
an entrepreneur. We find that the presence of both basic pension
and business pension insurance reduce individual entrepreneurial
probability. We also find that the two types of pension insurance
do not appear to increase entrepreneurship among any particular
subgroup, based on geo graphical regions, gender, education,
social connection or marital status. Moreover, we argue that the
basic pension and business pension insurance actually have a
negative effect on the probability of small business entrepreneurship.
Even, we have found there seems to be one important
exception to this general pattern. For, most importantly, basic
pension and business pension insurance have a positive effect on
the probability of one particular kind of entrepreneurship:
Innovation-driven entrepreneurship. Exploring possible mechanisms,
we find that the important transmission channels through
which pension insurance affects business creation is the lack of
security and total family income.
Ključne riječi
Entrepreneurs; pension insurance; job lock; innovation-driven entrepreneurship
Hrčak ID:
310044
URI
Datum izdavanja:
1.9.2023.
Posjeta: 578 *