Evidence on entrepreneurs in the United States: data from the 1989–2004 survey of consumer finances
Abstract: Using data from the Federal Reserve Board?s Survey of Consumer Finances, the authors examine characteristics of entrepreneurs and the businesses they run. Their analysis confirms that business owners are important sources of saving and wealth creation in the U.S. and that they are less risk averse than other wealthy households. This discounts the notion that the wealth of entrepreneurs disproportionately reflects a buildup of precautionary balances to guard against financial risk.
Keywords: Consumer surveys; Business enterprises;
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2007/ep_4qtr2007_part2_denardi_etal.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2007
Issue: Q IV