Self-Employment Rates Remain Higher Among Older Workers
According to a report by the Bureau of Labor Statistics, self-employment rates remained higher among older workers than younger workers in 2009. Among the unincorporated, self-employment rates ranged from 1.6% for those aged 16 to 19 years to 18.1% for those aged 65 years and older. Among the incorporated, rates ranged from 0.1% for those aged 16 to 19 years to 7.7% for those aged 65 years and older.
Self-employment rates were also higher among men than women. 8.3% of male workers were unincorporated self-employed and 5.4% were incorporated self-employed. Those rates compare with 5.6% and 2.3%, respectively, for women.
Unincorporated self-employment rates were lowest for individuals with an Associate's Degree, checking in at 6.6%, and highest among those with less than a high school diploma (9.9%). Only 2.0%, on the other hand, of individuals with less than a high school diploma were incorporated self-employed, as opposed to 6.6% of individuals with advanced degrees.
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TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
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