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Based on CPS data on self-employment, "in 2003, older workers were more likely to be self-employed than younger workers." (p. 15) The unincorported* self-employment rate for workers age 65 and older was 19.1%, compared with 11.7% for their counterparts ages 55-64, 8.7% for ages 45-54, 7.8% for ages 35-44, 5.3% for ages 25-34, and 2% or less for ages 16-24. (Table 4, p. 18) For incorporated* self-employed workers, the rates are 7.8% for ages 65 and older, 6.1% for ages 55-64, 4.8% for ages 45-54, 4.1% for ages 35-44, and 1.9% for ages 25-34.
*Workers are "unincorporated self-employed" if they do not work in their own incorporated business. Incorporated self-employed workers are counted as salaried employees of their own businesses.
Hipple, S. (2004). Self-employment in the United States: An update. Monthly Labor Review, 127(7), 13-23
This report uses data on current employment and unemployment from the Current Population Survey (CPS). This article discusses the CPS measurement of self-employment, addresses historical trends in self-employment, and provides an overview of characteristics of the self-employed.
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Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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