Sentence examples for self-employed agent from inspiring English sources

As well as the revenue flow of income and amenity, the value function of a paid employee has the option value of transiting into other states, namely the option value of unemployment, higher value paid employment (employed by firm or a self-employed agent), and self-employment.

Any worker employed produces output using the self-employed agent's technology, p y), and receives an endogenously determined wage, w ⋆ y,ℓ).

If a paid employee is hired by a self-employed agent, they face very different opportunities than if they are employed by a large firm.

So the value function for a newly self-employed agent is given by Eq. (11).

If a self-employed agent does find a worker, he foregoes his own output in order to manage the newly created firm.

Given this, Assumption 2 guarantees that for a sufficiently good idea, a self-employed agent will actively seek to hire workers.

Assuming self-employed agents with no intention to recruit exist.

All self-employed agents start their self-employment spell as an own-account worker.

Given certain regularity conditions, to follow, there exists a threshold productivity level ψ 1, above which self-employed agents intend to recruit.

There is a non-negligible share of recruiters, consistent with the findings of Moralee (1998), with approximately one third of self-employed agents hiring paid employees.

Self-employed agents systematically misreport their earnings by a factor κ s, it need not be assumed that κ s ≤1 and paid employees provide an unbiased reporting of their income.