Table 1

Descriptive statistics

Variable nameDefinitionRemains in employmentEmployment to self-employmenta
N = 60,965N = 798
Age categoriesA categorical variable that classifies an individual's age  
 18–30 18%***19%***
 31–50 55%***58%***
 51–66 27%***23%***
PayAn individuals total net pay2,719 (5,696)***4,779 (11,447)***
GenderA binary variable that indicates an individual's gender  
 Male 53%***71%***
 Female 47%***29%***
EthnicityA categorical variable that classifies an individual's ethnicity  
 White 85%***80%***
 Mixed 2%***2%***
 Asian 8%***14%***
 Black 4%***3%***
 Other 1%***1%***
Highest achieved education qualificationA categorical variable that classifies an individual's highest educational qualification, as per the British educational level categorisation system  
 Level 6 or Higher 19%***22%***
 Level 5 35%***36%***
 Level 4 4%***2%***
 Level 3 12%***11%***
 Level 2 29%***28%***
 Other education 1%***2%***
Marital statusA categorical variable that classifies an individual's marital status  
 Single 31%***29%***
 Married/civil partnership 57%***61%***
 Separated/divorced 11%***10%***
 Widowed 1%***1%***
Children under 16A binary variable that indicates if an Individual has children under 16  
 Does not have children 86%***90%***
 Has children 14%***10%***

Note(s): Data are presented as Mean (Std. Dev) for continuous measures, and % for categorical measures

***p < 0.01, **p < 0.05, *p < 0.1, H0: No difference between individuals who remain in paid employment and those who transition into self-employment

a

This accounts for all employment to self-employment transitions; individuals who made multiple transitions are included

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