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Portrait of the Hispanic Entrepreneur in the United States
Abstract
The rate of entry of Hispanics into entrepreneurial activity increased from a monthly average rate of new business creation of 0.33 percent of Hispanic adults in 1996 to a rate of 0.52 percent in 2011, while remaining relatively constant for White, non-Hispanics (Fairlie, 2012). Using the NLSY, 1979 Cohort, this chapter presents a portrait of Hispanic entrepreneurs in the United States and provides a comparison to non-Hispanic entrepreneurs on a number of human capital and socio-demographic variables to develop a better understanding of the factors that contribute to the decision to pursue entrepreneurship. Comparisons are also made among Hispanic origin groups.
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