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Families, Human Capital, and Small Business: Evidence from the Characteristics of Business Owners Survey AgEcon
Fairlie, Robert W.; Robb, Alicia.
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...
Tipo: Working or Discussion Paper Palavras-chave: Business outcomes; Self-employment; Entrepreneurship; Families; Human capital; Labor and Human Capital; M13; J24.
Ano: 2003 URL: http://purl.umn.edu/28446
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