Undergraduate Economic Review


The prominence entrepreneurs have occupied in the popular imagination belies their relative neglect in formal economic theory. This paper adds to the growing body of work on entrepreneurs by examining the characteristics of self-employed individuals in the National Longitudinal Survey of Youth 1997. We believe our article to be the first that uses this fresh body of data for this purpose. Employing the standard binomial probit model with a list of potentially significant variables drawn from existing literature, we discovered that women are significantly less likely to be self-employed than men.