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Table 3 Probability of self employment vs wage employment & unemployment

From: Court-ship, kinship and business: a study on the interaction between the formal and the informal institutions and its effect on entrepreneurship

  (1) (2) (3) (4) (5)
IN*FC -0.596** -0.630*** -0.798*** -0.688*** -0.652**
  (0.230) (0.237) (0.275) (0.251) (0.260)
Informal Network(IN) 0.355*** 0.379*** 0.354** 0.350** 0.333**
  (0.137) (0.141) (0.164) (0.151) (0.157)
Formal Court(FC) 0.031 0.041 0.102* 0.092* 0.091*
  (0.033) (0.035) (0.052) (0.051) (0.052)
Formal Loan Availability   -0.071 -0.081 -0.143** -0.151**
   (0.051) (0.066) (0.071) (0.069)
Loan Amount    0.001** 0.001*** 0.001***
    (0.001) (0.001) (0.001)
Caste Association      0.028**
      (0.014)
Hindu     -0.071*** -0.071***
     (0.012) (0.012)
High Caste     0.059*** 0.061***
     (0.022) (0.022)
Education     0.139*** 0.139***
     (0.009) (0.009)
Constant 0.196*** 0.201*** 0.195*** 0.155*** 0.152***
  (0.018) (0.019) (0.031) (0.032) (0.033)
Observations 36,837 14,737 14,708 14,704  
R-squared 0.002 0.007 0.031 0.031  
  1. Source: IHDS 2004–2005, own calculations.
  2. Notes: Linear probability models. Standard errors in parentheses, adjusted for clustering at village level.
  3. ***significant at 1%; **significant at 5%; *significant at 10%.