New Age Informality: Hispanics and the Sharing Economy

The purpose of this study is to advance understanding of the Hispanic contribution to the engagement and production of the sharing and informal economies in the US. The study is situated within the domains of the sharing economy and informality within a broader frame of entrepreneurship. Specificall...

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Main Author: Michael J. Pisani
Format: Article
Language:English
Published: MDPI AG 2021-03-01
Series:Administrative Sciences
Subjects:
Online Access:https://www.mdpi.com/2076-3387/11/1/23
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author Michael J. Pisani
author_facet Michael J. Pisani
author_sort Michael J. Pisani
collection DOAJ
description The purpose of this study is to advance understanding of the Hispanic contribution to the engagement and production of the sharing and informal economies in the US. The study is situated within the domains of the sharing economy and informality within a broader frame of entrepreneurship. Specifically, Hispanic participation rates, rationale for engagement, and the major drivers of involvement in the production of the sharing and informal economies are analyzed. To evaluate this, data are reported from a nationally representative subsample of Hispanics derived from the US Federal Reserve Board’s Enterprising and Informal Work Activities Survey (EIWA) conducted in the late fall of 2015. The finding is that more than one-third of Hispanics engage in EIWA. Hispanics participate in EIWA primarily as a means to earn extra income or as a key avenue to earn a living. By choice, relatively affluent Hispanics have the largest stake in sharing and informal economies. However, it is the lowest income Hispanics that engage in EIWA out of necessity. The major drivers of EIWA participation among Hispanics are revealed. This is the first known study with a nationally representative sample of Hispanics focused on participation rates, rationale for engagement, and drivers of involvement in the production of new age sharing and informal economies.
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spelling doaj.art-b4f80589ed3b447f82dbd9f54d20464f2023-12-03T12:00:16ZengMDPI AGAdministrative Sciences2076-33872021-03-011112310.3390/admsci11010023New Age Informality: Hispanics and the Sharing EconomyMichael J. Pisani0Department of Management, Central Michigan University, Mt. Pleasant, MI 48859, USAThe purpose of this study is to advance understanding of the Hispanic contribution to the engagement and production of the sharing and informal economies in the US. The study is situated within the domains of the sharing economy and informality within a broader frame of entrepreneurship. Specifically, Hispanic participation rates, rationale for engagement, and the major drivers of involvement in the production of the sharing and informal economies are analyzed. To evaluate this, data are reported from a nationally representative subsample of Hispanics derived from the US Federal Reserve Board’s Enterprising and Informal Work Activities Survey (EIWA) conducted in the late fall of 2015. The finding is that more than one-third of Hispanics engage in EIWA. Hispanics participate in EIWA primarily as a means to earn extra income or as a key avenue to earn a living. By choice, relatively affluent Hispanics have the largest stake in sharing and informal economies. However, it is the lowest income Hispanics that engage in EIWA out of necessity. The major drivers of EIWA participation among Hispanics are revealed. This is the first known study with a nationally representative sample of Hispanics focused on participation rates, rationale for engagement, and drivers of involvement in the production of new age sharing and informal economies.https://www.mdpi.com/2076-3387/11/1/23sharing economyinformalityhispanicsentrepreneurship
spellingShingle Michael J. Pisani
New Age Informality: Hispanics and the Sharing Economy
Administrative Sciences
sharing economy
informality
hispanics
entrepreneurship
title New Age Informality: Hispanics and the Sharing Economy
title_full New Age Informality: Hispanics and the Sharing Economy
title_fullStr New Age Informality: Hispanics and the Sharing Economy
title_full_unstemmed New Age Informality: Hispanics and the Sharing Economy
title_short New Age Informality: Hispanics and the Sharing Economy
title_sort new age informality hispanics and the sharing economy
topic sharing economy
informality
hispanics
entrepreneurship
url https://www.mdpi.com/2076-3387/11/1/23
work_keys_str_mv AT michaeljpisani newageinformalityhispanicsandthesharingeconomy