ERIC Number: ED402438
Record Type: Non-Journal
Publication Date: 1995-Aug
Reference Count: N/A
Capital Market Constraints, Parental Wealth and the Transition to Self-Employment among Men and Women. National Longitudinal Surveys Discussion Paper.
Dunn, Thomas; Holtz-Eakin, Douglas
The effects of parental wealth and human capital on the probability of an individual entering self-employment and the relationship between gender and propensity toward self-employment were examined through an analysis of data from the four original cohorts of the National Longitudinal Survey (NLS) of Labor Market Experience. The data sets represented 11-15 survey years for each cohort and included demographic and income variables and education, self-employment, and asset measures. Among the study's main conclusions were the following: (1) although the annual rate of self-employment reaches only 15%, self-employment touches one-fifth of young men and occupies nearly one-half of their early careers; (2) self-employment among young women is roughly one-third lower than among young men; (3) parental history of self-employment is associated with a probability of entering self-employment but not with intensity of self-employment or age at which self-employment begins; (4) asset holdings are positively correlated with self-employment among young men but not among young women; (5) a moderate relationship exists between self-employment and parental wealth; and (6) own-wealth accumulation aids self-employment among young men but not young women. (Contains 17 references. Appended are a summary of NLS data sets and 20 tables.) (MN)
Descriptors: Capital, Comparative Analysis, Employment Patterns, Family Financial Resources, Females, Longitudinal Studies, Males, National Surveys, Parents, Predictor Variables, Self Employment, Sex Differences, Trend Analysis
Bureau of Labor Statistics, Office of Economic Research, Washington, DC 20212-0001.
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Bureau of Labor Statistics, Washington, DC.