Study finds self-employed rates linked to prosperity

 

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Government spending to increase entrepreneurship in areas with low rates of self-employment has failed to make an impact, according to a review of census data in England and Wales by economists at the universities of Sussex and Sheffield.

Researchers found that entrepreneurial activity rates among 18 to 65-year-olds, in all 384 local authorities in England and Wales, varied according to the underlying economic prosperity of the area, leading them to conclude that levels of self-employment may be a response to prosperity, rather than its cause.

Researchers also found that local authority areas where there had been an increase in the population of 55 to 64-year-olds were more likely to have experienced a rise in the levels of entrepreneurship.

Learn how to take advantage of self-employment or starting a business along with funding sources by contacting me directly.

Rachel
The Wisdom Mentor

Read more about the research at: www.sussex.ac.uk/research/newsandevents?id=30482