Entrepreneurial activity has long been argued as an important driver of innovation, job creation, and productivity growth. However, measuring entrepreneurial activity is not easy. Traditionally, many studies have approximated entrepreneurship with a broadly defined measure that includes a heterogeneous group of individuals. They include self-employed workers such as commission salespersons, professionals running unincorporated firms such … Continue reading
This issue brief examines business owner demographic characteristics in 2013 and compares these characteristics to those of employees in the U.S. economy. Minorities and Hispanics are more likely to be an employee than own a business. Minority and Hispanic business owners made up less than 15 percent of all U.S. business owners in 2013. Asian … Continue reading