Recent scholarship suggests theta new form of low-quality, contingent self-
employment is taking hold in postindustrial economies. Using longitudinal d
ata on men fr am the Panel Study of Income Dynamics and the German Socio-Ec
onomic Panel, I find that on average men in Germany and the U.S. do not far
e poorly in self-employment and in both countries a substantial number of n
ew self-employment jobs offer prospects for earnings and stability that riv
al the wage-and-salary sector. However, there is far more variability in th
e U.S., with a higher proportion of self-employment jobs ranking among the
best and the worst new jobs in the labor market. New entrepreneurs benefite
d more in the U.S. than in Germany from exploiting the demand for skilled p
ostindustrial services in the self-employment market At the same time, loos
ely structured labor markets and weaker worker protections contributed to a
larger proportion of low-paying and unstable self-employment jobs in the U
.S.