| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Families, Human Capital, and Small Business: Evidence from the Characteristics of Business Owners Survey
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| Autores: |
Fairlie, Robert W.
Robb, Alicia
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| Data: |
2006-01-27
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| Ano: |
2003
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| Palavras-chave: |
Business outcomes
Self-employment
Entrepreneurship
Families
Human capital
Labor and Human Capital
M13
J24
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| Resumo: |
Using data from the confidential and restricted-access Characteristics of Business Owners (CBO) Survey, we provide some suggestive evidence on the causes of intergenerational links in business ownership and the related issue of how having a family business background affects small business outcomes. Estimates from the CBO indicate that more than half of all business owners had a self-employed family member prior to starting their business. Conditional on having a self-employed family member, less than 50 percent of small business owners worked in that family member's business. In contrast, estimates from regression models conditioning on business ownership indicate that having a self-employed family member plays only a minor role in determining small business outcomes, whereas the business human capital acquired from prior work experience in a family member's business appears to be very important for business success. Estimates from the CBO also indicate that only 1.6 percent of all small businesses are inherited suggesting that the role of business inheritances in determining intergenerational links in self-employment is limited at best.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
19619
http://purl.umn.edu/28446
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| Editor: |
AgEcon Search
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| Relação: |
Yale University>Economic Growth Center>Center Discussion Papers
Center Discussion Paper No. 871
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| Formato: |
34
application/pdf
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