Individuals with prior military experience or who have attained a bachelor’s degree or greater are more likely than other groups to turn to self-employment, according to the Small Business Administration’s Office of Advocacy. According to the study, those with prior military experience are up to 11 percent more likely to be self-employed. In addition, educational level may increase one’s likelihood of self-employment by over 8 percent.

The report also found that homeowners are 7 percent more likely to be self-employed.

The report “Educational Attainment and Other Characteristics of the Self-Employed: An Examination using Data from the Panel Study of Income Dynamics,” analyzed data from the Panel Study of Income Dynamics (PSID) for 2003, which examines demographic and sociological indicators as well as financial behaviors.

View the entire report at http://www.sba.gov/advo/research/rs313tot.pdf.