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All firms

Sample size

Firm no longer operating in 1996 (Closure)

22.5%

37,156

Net profit of at least $10,000

30.1%

33,804

One or more paid employees

21.3%

38,020

Log sales

10.10

38,020

Married

0.7993

39606

Never married

0.1418

36906

High school graduate

0.1052

36782

Some college

0.3107

36782

College graduate

0.1921

36782

Graduate school

0.1371

36782

Northeast

0.0583

38020

Midatlantic

0.1452

38020

East North Central

0.1552

38020

West North Central

0.0781

38020

South Atlantic

0.1633

38020

East South Central

0.0493

38020

West South Central

0.1062

38020

Mountain

0.0660

38020

Urban

0.7571

38020

Prior work experience: less than 2 years

0.0731

37503

Prior work experience: 2-5 years

0.1648

37503

Prior work experience: 6-9 years

0.1513

37503

Prior work experience: 10-19 years

0.2935

37503

Prior work experience: 20 years or more

0.2529

37503

Startup capital: $5,000-$25,000

0.2350

37388

Startup capital: $25,000-$100,000

0.1126

37388

Startup capital: $100,000+

0.0501

37388

Agricultural services

0.0271

38020

Mining and construction

0.1206

38020

Manufacturing

0.0331

38020

Wholesale

0.0352

38020

FIRE

0.0973

38020

Trans., communications, and public utilities

0.0417

38020

Personal services

0.2630

38020

Professional services

0.1912

38020

Uncoded industry

0.0405

38020

Appendix Means of Selected Variables Characteristics of Business Owners, 1996

Note: See Notes to Table 1.

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