Full Citation
Title: Entrepreneurship Past 50: Self-Employment Trends — 2000 to 2022
Citation Type: Working Paper
Publication Year: 2023
ISBN:
ISSN:
DOI: 10.2139/ssrn.4651610
NSFID:
PMCID:
PMID:
Abstract: This study illustrates trends in self-employment among Americans age 50 years and older during the 23-year period from 2000 to 2022. More so, it distinguishes rates between those who have incorporated their businesses and those who have not, with the goal of identifying potential differences in rates by sociodemographic groups. Data are from the Annual Social and Economic Supplement (ASEC) within the Current Population Survey that were downloaded from IPUMS CPS. Results include weights to create a nationally representative sample of Americans. For this study, more than 1.25 million observations from respondents age 50 and older were analyzed. In general, we found that unincorporated self-employment is more common than incorporated self-employment among older adults, and rates of unincorporated self-employment have declined over the past two decades, whereas rates of incorporated self-employment have held steady. We also revealed differences over this 23-year period by age group, gender, race, Hispanic ethnicity, education, income, marital status, U.S. citizenship, workplace pension access, and health insurance. These findings illustrate the complicated nature of self-employment and its relationship with important sociodemographic factors among older Americans.
Url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4651610
User Submitted?: No
Authors: Halvorsen, Cal; Lopez, Bruna
Series Title:
Publication Number: 4651610
Institution:
Pages: 1-16
Publisher Location:
Data Collections: IPUMS CPS
Topics: Aging and Retirement, Labor Force and Occupational Structure
Countries: