Full Citation

Title: The effects of exposure to hyperinflation on occupational choice

Citation Type: Journal Article

Publication Year: 2014

ISBN:

ISSN:

DOI: 10.1016/J.JEBO.2014.05.008

NSFID:

PMCID:

PMID:

Abstract: We use data on immigrants who live in the United States to study the effects of exposure to hyperinflation on occupational choice. To do so, we calculate the number of years an individual had lived under hyperinflation before arriving to the US. We find that its marginal effect on the probability of being self-employed instead of wage-earner is 0.87 percentage point. This finding suggests that the macroeconomic environment one lives in permanently affects his economic behavior. The estimated effect depends on the age individuals had when exposed to hyperinflation. In particular, it vanishes for those over the age of 40.

Url: https://www.sciencedirect.com/science/article/pii/S0167268114001656

User Submitted?: No

Authors: de Mello, João M.P.; Waisman, Caio; Zilberman, Eduardo

Periodical (Full): Journal of Economic Behavior & Organization

Issue:

Volume: 106

Pages: 109-123

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Migration and Immigration

Countries: