caa a22 4500 378899066 CHVBK 20180305123513.0 cr unu---uuuuu 161128e20040827xx s 000 0 eng 10.2202/1538-0637.1053 doi (NATIONALLICENCE)gruyter-10.2202/1538-0637.1053 Entrepreneurship and Household Saving [Elektronische Daten] [William M. Gentry, R. Glenn Hubbard] Using data from the 1983 and 1989 Federal Reserve Board Surveys of Consumer Finances, we quantify three findings about entrepreneurial saving decisions and their role in household wealth accumulation. First, entrepreneurial households own a substantial share of household wealth and income, and this share increases throughout the wealth distribution and the income distribution. Second, the portfolios of entrepreneurial households, even wealthy ones, are very undiversified, with the bulk of assets held within active businesses. Third, wealth-income ratios and saving rates are higher for entrepreneurial households even after controlling for age and other demographic variables. Taken together, these findings suggest that studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in particular have paid insufficient attention to the role of entrepreneurial decisions and their role in wealth accumulation. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston D1: Household behavior nationallicence entrepreneurship nationallicence saving nationallicence household portfolios nationallicence Gentry William M. Williams College, wgentry@williams.edu aut Hubbard R. Glenn Columbia University, rghl@columbia.edu aut Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-27) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0637.1053 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0637.1053 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Gentry William M. Williams College, wgentry@williams.edu aut NATIONALLICENCE 700 1- Hubbard R. Glenn Columbia University, rghl@columbia.edu aut NATIONALLICENCE 773 0- Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-27) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 078041759 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter