A Longitudinal Analysis of Early Self-employment in the NLSYs

Résumé du livre

This study showed that early exposure to self-employment increases individuals' engagement in self-employment during their early- and mid-career years. The study also found that a younger subgroup has much higher self-employment rates than an older subgroup when the two are compared by age 23. This increase is driven by recent increases in Black and Hispanic self-employment, and to a lesser extent by female self-employment. The report found that there is a strong positive link between an indicator of self-employment during ages 20-22 and the self-employment outcome measures in ages 22-41. In addition, total self-employment years are positively correlated with economic outcomes, measured in terms of family income, the individual's own income, and family net worth. An additional year of self-employment increases the level of income and net worth significantly.