Monday, July 03, 2006
Tweet[IWS] SBA: How Did Small Business-Owning Households Fare During the Longest U.S. Economic Expansion? [22 June 2006]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. Small Business Administration (SBA), Office of Advocacy
How Did Small Business-Owning Households Fare During the Longest U.S. Economic Expansion? [22 June 2006]
http://www.sba.gov/advo/research/rs276tot.pdf
[full-text, 31 pages]
By George Haynes, Montana State University, Bozeman, MT 69715; and Charles Ou, U.S. Small Business
Administration, Office of Advocacy. 2006. [29] pages. Under contract no. SBAHQ-03-M-0274
See Research Summary at
http://www.sba.gov/advo/research/rs276.pdf
[full-text, 2 pages]
Press Release [22 June 2006]
Business Owners As High Income Earners And Wealth Holders
http://www.sba.gov/advo/press/06-15.html
WASHINGTON, D.C. - Business owners in the 1990's were more likely than wage earners to be in households classified as high income earners and wealth holders, according to a study released today by the Office of Advocacy of the U.S. Small Business Administration. However, their comparative share of income and wealth fell during the same period.
"Business ownership has traditionally been a route to prosperity for Americans," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. "This study confirms that the 1990's were no different. Nonetheless, with the market bubble of the 90's, wage earners saw a greater increase in their income and wealth relative to business owners."
The report, How Did Small Business-Owning Households Fare During the Longest U.S. Economic Expansion?, written by Dr. Charles Ou, Economist for the Office of Advocacy, and Dr. George Haynes is a follow-on to the study Wealth and Income: How Did Small Businesses Fare from 1989 to 1998?.
The study finds that in 2001 small business-owning households were more than twice as likely as non-owning households (57.1 percent to 25.5 percent) to be high income, and over eight times more likely (21.2 percent to 2.5 percent) to be high wealth households. However, from 1992 to 2001, the chance of being in the high income category for non-owning households increased 42.5 percent, and their chance of being high wealth increased 92 percent, whereas the chances for small business-owning households increased 24.7 and 61.8 percent, respectively.
The study also examines the changes in the demographic characteristics of high income and high wealth households over the 1992-2001 period.
The Office of Advocacy, the "small business watchdog" of the 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.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. Small Business Administration (SBA), Office of Advocacy
How Did Small Business-Owning Households Fare During the Longest U.S. Economic Expansion? [22 June 2006]
http://www.sba.gov/advo/research/rs276tot.pdf
[full-text, 31 pages]
By George Haynes, Montana State University, Bozeman, MT 69715; and Charles Ou, U.S. Small Business
Administration, Office of Advocacy. 2006. [29] pages. Under contract no. SBAHQ-03-M-0274
See Research Summary at
http://www.sba.gov/advo/research/rs276.pdf
[full-text, 2 pages]
Press Release [22 June 2006]
Business Owners As High Income Earners And Wealth Holders
http://www.sba.gov/advo/press/06-15.html
WASHINGTON, D.C. - Business owners in the 1990's were more likely than wage earners to be in households classified as high income earners and wealth holders, according to a study released today by the Office of Advocacy of the U.S. Small Business Administration. However, their comparative share of income and wealth fell during the same period.
"Business ownership has traditionally been a route to prosperity for Americans," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. "This study confirms that the 1990's were no different. Nonetheless, with the market bubble of the 90's, wage earners saw a greater increase in their income and wealth relative to business owners."
The report, How Did Small Business-Owning Households Fare During the Longest U.S. Economic Expansion?, written by Dr. Charles Ou, Economist for the Office of Advocacy, and Dr. George Haynes is a follow-on to the study Wealth and Income: How Did Small Businesses Fare from 1989 to 1998?.
The study finds that in 2001 small business-owning households were more than twice as likely as non-owning households (57.1 percent to 25.5 percent) to be high income, and over eight times more likely (21.2 percent to 2.5 percent) to be high wealth households. However, from 1992 to 2001, the chance of being in the high income category for non-owning households increased 42.5 percent, and their chance of being high wealth increased 92 percent, whereas the chances for small business-owning households increased 24.7 and 61.8 percent, respectively.
The study also examines the changes in the demographic characteristics of high income and high wealth households over the 1992-2001 period.
The Office of Advocacy, the "small business watchdog" of the 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.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 12:07 PM
