Self-Employed Women Differ From Their Wage And Salary Earning Counterparts
Age, Education, And Experience Are Key Human Capital Factors
Self-employed women differ from their wage and salary earning counterparts in several human capital areas. Most notably, self-employed women tend to be older, are better educated, and have more managerial experience than wage and salary earners. These findings are
contained in a report, Human Capital and Women’s Business Ownership (
http://www.sba.gov/advo/research/rs323tot.pdf) , released today by the Office of Advocacy of the U.S. Small Business Administration.
“Human capital factors such as education and experience have long been known to have a positive correlation with entrepreneurship,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. “This report delves deeper into women’s business ownership and shows that factors such as occupational skills and entrepreneurial preparedness are essential to women’s entrepreneurship.”
The report, written by Business Development Advisors with funding from the Office of Advocacy, also compares human capital factors of self-employed women and men, as well as between self-employed whites and minorities. The authors presented the report during the annual meeting of the Urban Affairs Association in Baltimore on April 26, 2008.
Comparing self-employed women to other working women, the authors found that:
* Self-employed women have greater educational attainment.
* Self-employed women are more likely to be in managerial occupations.
* Self-employed women are more likely to work in non-traditional
occupations.
* Self-employed women are likely to be older.
For more information and a complete copy of the report, visit the Office of Advocacy website at
www.sba.gov/advo.
The Office of Advocacy, the “small business watchdog” of the federal government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats, and it funds research into small business issues.
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