Evidence on Entrepreneurs in the United States: Data from the 1989–2004 Survey of Consumer Finances
A country’s national saving rate is a crucial determinant of its ability to accumulate capital and generate growth; hence, it is an important determinant of the country’s future prosperity. Another important determinant of a country’s prosperity is innovation—the ability to generate new goods and services and provide existing ones in a more efficient manner. Accordingly, it is vital to study the households that are savers, as well as the managers of the businesses that are innovators. In this article, the authors consider the behavior of a group of individuals who play both roles in the U.S. economy—entrepreneurs.
