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https://hdl.handle.net/10419/34264
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Lofstrom, Magnus | en |
dc.contributor.author | Bates, Timothy | en |
dc.date.accessioned | 2008-05-23 | - |
dc.date.accessioned | 2010-07-07T11:21:34Z | - |
dc.date.available | 2010-07-07T11:21:34Z | - |
dc.date.issued | 2007 | - |
dc.identifier.uri | http://hdl.handle.net/10419/34264 | - |
dc.description.abstract | This study examines causes of black/white gaps in business ownership and self-employment rates by analyzing small-business entry and exit patterns. We proceed by recognizing heterogeneity in business ownership across different industry groups: a classification of firms by human- and financial-capital intensiveness, or entry barriers, we find, is useful for explaining racial differences in entrepreneurship. The barriers facing aspiring entrepreneurs seeking entry into low-barrier industries differ substantially from those limiting entry into high-barrier industries. Higher entry and lower exit rates typifying whites, relative to African Americans, are traditionally interpreted as reflections of the greater financial- and human-capital resources possessed by non-minorities. This consensus view, however, is simplistic. While education background is a powerful predictor of self-employment patterns in the low-barrier industries, advanced educational credentials actually predict lower entry: college graduates are less likely to select into low-barrier small business ownership. In the high-barrier fields, in contrast, college-educated individuals are more likely than less educated persons to enter into self employment. Overall, black presence in high-barrier fields is held down by lower net asset holdings and weaker educational credentials of potential and actual entrepreneurs. In the low-barrier industries, where the majority of black-owned businesses operate, net worth levels and educational backgrounds are trumped by the racial characteristic: low black entry and high exit rates are powerfully predicted by one's race. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x3156 | en |
dc.subject.jel | J15 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Self-employment | en |
dc.subject.keyword | entrepreneurship | en |
dc.subject.keyword | entry barriers | en |
dc.subject.keyword | African American | en |
dc.subject.stw | Selbstständige | en |
dc.subject.stw | Unternehmer | en |
dc.subject.stw | Farbige Bevölkerung | en |
dc.subject.stw | Bildungsniveau | en |
dc.subject.stw | USA | en |
dc.title | African Americansà pursuit of self-employment | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 552644668 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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