The effects of exposure to hyperinflation on occupational choice

João M.P. de Mello; Caio Waisman; Eduardo Zilberman

doi:10.1016/j.jebo.2014.05.008

The effects of exposure to hyperinflation on occupational choice

João M.P. de Mello, Caio Waisman, Eduardo Zilberman^*

^*Corresponding author for this work

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4 Scopus citations

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.

Original language	English (US)
Pages (from-to)	109-123
Number of pages	15
Journal	Journal of Economic Behavior and Organization
Volume	106
DOIs	https://doi.org/10.1016/j.jebo.2014.05.008
State	Published - Oct 2014

Keywords

Hyperinflation
Immigrants
Self-employment

ASJC Scopus subject areas

Economics and Econometrics
Organizational Behavior and Human Resource Management

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10.1016/j.jebo.2014.05.008

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title = "The effects of exposure to hyperinflation on occupational choice",

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.",

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AU - Zilberman, Eduardo

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N2 - 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.

AB - 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.

KW - Hyperinflation

KW - Immigrants

KW - Self-employment

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ER -

The effects of exposure to hyperinflation on occupational choice

Abstract

Keywords

ASJC Scopus subject areas

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