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- Title
Older Entrepreneurs: Unsupported Economic Heroes.
- Authors
Halvorsen, Cal J.
- Abstract
Entrepreneurs are hailed as economic heroes and drivers of job growth. Yet an analysis of Current Population Survey data of U.S. residents between ages 50--64 demonstrates that entrepreneurs disproportionately lack health insurance and workplace retirement savings program coverage. Finding that nearly 1 in 10 adults in this age range are self-employed, this study documents disparities by self-employment incorporation status, gender, and race and ethnicity. Using a financial capability perspective, program and policy actions to reduce these disparities are highlighted. If enacted, more entrepreneurship could be unlocked.
- Subjects
UNITED States; INSURANCE; ENTREPRENEURSHIP; HEALTH insurance; SEX distribution; ECONOMIC status; RACE; FINANCIAL management; RETIREMENT planning; SELF-employment
- Publication
Generations, 2023, Vol 47, Issue 4, p1
- ISSN
0738-7806
- Publication type
Article