Using detailed household survey data on male workers in Ghana, the author tests a theoretical model incorporating capital market failure and labour market segmentation into sectors of (largely formal) wage employment and (largely informal) self-employment and family enterprise employment, in which credit-constrained individuals draw self-employment capital from fam...

Using detailed household survey data on male workers in Ghana, the author tests a theoretical model incorporating capital market failure and labour market segmentation into sectors of (largely formal) wage employment and (largely informal) self-employment and family enterprise employment, in which credit-constrained individuals draw self-employment capital from fam...