Table 2.

Probability of entry into self-employment: marginal effects from logit estimations

	Before Great Recession	Great Recession	After Great Recession
Unemployed	1.18∗∗∗	1.21∗∗∗	1.10∗∗∗
	(0.0361)	(0.0343)	(0.0349)
Non-participating	1.10∗∗∗	1.18∗∗∗	0.985∗∗∗
	(0.0326)	(0.0348)	(0.0322)
Male	0.404∗∗∗	0.391∗∗∗	0.311∗∗∗
	(0.0240)	(0.0249)	(0.0236)
High school	0.0270	− 0.103∗∗∗	− 0.0737∗∗
	(0.0346)	(0.0352)	(0.0369)
Some college	0.00841	− 0.0859∗∗	− 0.0507
	(0.0355)	(0.0357)	(0.0368)
College degree	0.130∗∗∗	0.0271	0.0395
	(0.0351)	(0.0356)	(0.0367)
Black	− 0.102∗∗∗	− 0.202∗∗∗	− 0.178∗∗∗
	(0.0380)	(0.0416)	(0.0395)
Other nonwhite	− 0.158∗∗∗	− 0.139∗∗∗	− 0.0902∗∗
	(0.0394)	(0.0416)	(0.0374)
Married	0.0219	0.0462∗	− 0.00936
	(0.0243)	(0.0254)	(0.0248)
No. of children	0.00500	− 0.00962	0.00852
	(0.00953)	(0.00995)	(0.00990)
Metropolitan	− 0.0952∗∗∗	− 0.0695∗∗∗	− 0.0642∗∗
	(0.0243)	(0.0262)	(0.0268)
Age and age sq.	Yes	Yes	Yes
Regional dummies	Yes	Yes	Yes
Average prob. in %	0.541	0.612	0.568
Observations	538,469	541,517	518,355

Logit estimations of the monthly probability of entry into self-employment before, during, and after the Great Recession. The period before the GR is 04/2007–03/2008, during the GR 09/2008–08/2009, and after the GR 05/2013–04/2014. Average marginal effects in percentage points. Robust standard errors in parentheses. ^∗, ^∗∗, ^∗∗∗Significant at the 10%/5%/1% levels

Source: Own calculations based on the Current Population Survey