The sustainability of start-up firms among formerly wage-employed workers

In this paper we study the survival of start-up firms among former wage workers in Spain. We use well-known duration model techniques in order to analyse the duration of their self-employment spells distinguishing between those that end in unemployment from those that end in exit to a new paid employment. We address the question of how long these workers remain self-employed before entering into unemployment or returning to paid employment. Our...