As high unemployment rates linger following the latest recession, job opportunities can be sparse, especially for older workers. This might prompt older Americans to seek out opportunities in self-employment. Alternatively, recession-related decreases in economic activity might make...

Using 1989 to 2007 Survey of Consumer Finances data, this paper addresses three questions: 1) Are business owners generally more or less financially conservative than their non-business-owning counterparts?; 2) Do business owners accumulate more wealth?; and, 3) Do business owners hold a smaller...

Using 1989 to 2007 Survey of Consumer Finances data, this paper addresses three questions: 1) Are entrepreneurs are generally more or less financially conservative than their non-entrepreneurial counterparts? 2) Do entrepreneurs accumulate more wealth? and 3) Do entrepreneurs hold a smaller...