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Self-Employment Trends and Patterns Among Older U.S. Workers

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  • Lynn A. Karoly
  • Julie Zissmopoulos
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    Abstract

    Although self-employment is an important labor force phenomenon at older ages, there is a paucity of studies that examine the patterns of self-employment among older U.S. workers. With the leading edge of the baby boom cohort reaching retirement years, the rising rates of self-employment with age suggest that it is important to have a solid understanding of who is self-employed at older ages and how patterns of self-employment may be changing over time. Using cross-sectional time-series data from the annual Current Population Survey from 1968 to 2002 and cross-sectional data from the Health and Retirement Study from 1998, the authors examine the trend in rates of self-employment among workers age 50 and above. They describe the characteristics of older self-employed workers, in total and for subgroups, and compare them with their wage and salary counterparts.

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    File URL: http://www.rand.org/content/dam/rand/pubs/working_papers/2004/RAND_WR136.pdf
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    Bibliographic Info

    Paper provided by RAND Corporation Publications Department in its series Working Papers with number 136.

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    Length: 52 pages
    Date of creation: Dec 2003
    Date of revision:
    Handle: RePEc:ran:wpaper:136

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    1. Steven Haider & David Loughran, 2001. "Elderly Labor Supply: Work or Play?," Working Papers 01-09, RAND Corporation Publications Department.
    2. Robert W. Fairlie & Bruce D. Meyer, 1994. "The Ethnic and Racial Character of Self-Employment," NBER Working Papers 4791, National Bureau of Economic Research, Inc.
    3. Fairlie, Robert, 2014. "Ethnic and Racial Self-Employment Differences and Possible Explanations," Santa Cruz Department of Economics, Working Paper Series qt24p7v6gc, Department of Economics, UC Santa Cruz.
    4. Barton H. Hamilton, 2000. "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 604-631, June.
    5. Yannis Georgellis & Howard J. Wall, 2000. "Who are the self-employed?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 15-24.
    6. Blanchflower, David G., 2000. "Self-employment in OECD countries," Labour Economics, Elsevier, vol. 7(5), pages 471-505, September.
    7. Blanchflower, David G. & Oswald, Andrew & Stutzer, Alois, 2001. "Latent entrepreneurship across nations," European Economic Review, Elsevier, vol. 45(4-6), pages 680-691, May.
    8. Blau, David M, 1987. "A Time-Series Analysis of Self-employment in the United State," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 445-67, June.
    9. David Blanchflower & A Oswald, 1993. "Entrepreneurship," CEP Discussion Papers dp0134, Centre for Economic Performance, LSE.
    10. Genda, Yuji & Kambayashi, Ryo, 2002. "Declining Self-Employment in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 16(1), pages 73-91, March.
    11. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
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