"Entrepreneurship is among the most vibrant and essential parts of the economy, and this book provides an assessment of changes over time in U.S. entrepreneurial activity. It is based on measures of participation of adults in new firm creation and gives an overview of basic patterns in the firm creation process. Based on three harmonized research programs and other complementary data, this book sheds light on the importance of new firms for job growth, productivity enhancements, and innovation, as well as a route for social mobility. By tracking the success or failure of entrepreneurs in creating new firms, this assessment includes comparisons of different groups, including women and minorities, as well as across different countries. Reynolds demonstrates that all sectors of the population are making significant contributions and argues that as long as the United States continues to make major investments in R & D and higher education, the U.S. entrepreneurial sector is well positioned to retain a leadership role in the world economy."--Jacket
Includes bibliographical references (pages 207-210) and index
Print version record
Introduction -- Changes over Time -- Comparisons Across Space -- Comparisons Across the Firm Life Course -- Individuals: Participation in the Business Life Course -- Informal Investors -- Accredited Investors -- Overview and Implications