Panel Study of Entrepreneurial Dynamics, PSED I, II Harmonized Transitions Outcomes Data Set, United States, 1998-2011

The Panel Study of Entrepreneurial Dynamics (PSED) research program was designed to longitudinally examine the startup process with multi-year cohort tracking, so as to enhance the scientific understanding of how individuals start businesses. The project provided data on the process of business formation based on nationally-representative samples of nascent entrepreneurs, those active in business creation. PSED I (available as ICPSR 37203) began with screening in 1998-2000 to select a cohort of 830 with three follow-up interviews. PSED II (available as ICPSR 37202) began with screening in 2005-2006, followed by six yearly interviews. The information obtained as part of the PSED research program included data on the nature of those active as nascent entrepreneurs, the activities undertaken during the start-up process, and the characteristics of start-up efforts that become new firms. A consolidated data set was developed to provide harmonized measures of transitions and outcomes for all PSED I and PSED II cases.