%0 Report %A Fairlie, Robert W. %A Robb, Alicia %T Gender Differences in Business Performance: Evidence from the Characteristics of Business Owners Survey %D 2008 %8 2008 Sep %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 3718 %U https://www.iza.org/publications/dp3718 %X Using confidential microdata from the U.S. Census Bureau, we investigate the performance of female-owned businesses making comparisons to male-owned businesses. Using regression estimates and a decomposition technique, we explore the role that human capital, especially through prior work experience, and financial capital play in contributing to why female-owned businesses have lower survival rates, profits, employment and sales. We find that female-owned businesses are less successful than male-owned businesses because they have less startup capital, and business human capital acquired through prior work experience in a similar business and prior work experience in family business. We also find some evidence that female-owned businesses work fewer hours and may have different preferences for the goals of their business. %K female entrepreneurship %K business outcomes