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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/34264
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lofstrom, Magnus | | en_US |
| dc.contributor.author | | Bates, Timothy | | en_US |
| dc.date.accessioned | | 2008-05-23 | | en_US |
| dc.date.accessioned | | 2010-07-07T11:21:34Z | | - |
| dc.date.available | | 2010-07-07T11:21:34Z | | - |
| dc.date.issued | | 2007 | | en_US |
| 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_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 3156 | | en_US |
| dc.subject.jel | | J15 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Self-employment | | en_US |
| dc.subject.keyword | | entrepreneurship | | en_US |
| dc.subject.keyword | | entry barriers | | en_US |
| dc.subject.keyword | | African American | | en_US |
| dc.subject.stw | | Selbstständige | | en_US |
| dc.subject.stw | | Unternehmer | | en_US |
| dc.subject.stw | | Farbige Bevölkerung | | en_US |
| dc.subject.stw | | Bildungsniveau | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | African Americansà pursuit of self-employment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 552644668 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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