Entrepreneurship is an important driver of economic growth and entrepreneurship has broadly been associated with increasing equality across socioeconomic and demographic groups in society. Self-employment rates amongst young people are lower than those seen across the population as a whole, and increasing this rate is one way therefore to increase entrepreneurship more generally.
The indicator measures the gap between youth (16-34) self employment rate and the 35+ self-employment rate. The self-employment rate is the percentage of those in employment who are self-employed. Criteria for dashboard recent performance colour: any difference in the gap within +/- 0.5 percentage points of last year's figure suggests that the position is more likely to be maintaining than showing any change. A decrease in the gap of 0.5 percentage points or more suggests the position is improving; whereas an increase of 0.5 percentage points or more suggests the position is worsening.
This indicator is sourced from the Annual Population Survey: http://www.gov.scot/Topics/Statistics/Browse/Labour-Market/Publications