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ECONOMIC GROWTH CENTER

YALE UNIVERSITY

P.O. Box 208269 New Haven, CT 06520-8269 http://www.econ.yale.edu/~egcenter/

CENTER DISCUSSION PAPER NO. 871

FAMILIES, HUMAN CAPITAL, AND SMALL BUSINESS: EVIDENCE FROM THE CHARACTERISTICS OF BUSINESS OWNERS SURVEY

Robert W. Fairlie Yale University & University of California, Santa Cruz

and

Alicia Robb Board of Governors of the Federal Reserve System & Foundation for Sustainable Development

October 2003

Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments.

This research was partially funded by the Russell Sage Foundation. Research for this paper was conducted at the Center for Economic Studies at the U.S. Census Bureau. The views expressed here are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Russell Sage Foundation, the U.S. Census Bureau, or the Board of Governors of the Federal Reserve System. We would like to thank Ken Brevoort, Tom Dunn, and seminar participants at the Winter 2003 Meetings of the American Economic Association for their comments. Bill Koch and Garima Vasishtha provided excellent research assistance.

This paper can be downloaded without charge from the Social Science Research Network electronic library at: http://ssrn.com/abstract=464243

An index to papers in the Economic Growth Center Discussion Paper Series is located at: http://www.econ.yale.edu/~egcenter/research.htm

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