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dc.contributor.authorLofstrom, Magnusen
dc.contributor.authorBates, Timothyen
dc.date.accessioned2008-05-23-
dc.date.accessioned2010-07-07T11:21:34Z-
dc.date.available2010-07-07T11:21:34Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/34264-
dc.description.abstractThis 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3156en
dc.subject.jelJ15en
dc.subject.ddc330en
dc.subject.keywordSelf-employmenten
dc.subject.keywordentrepreneurshipen
dc.subject.keywordentry barriersen
dc.subject.keywordAfrican Americanen
dc.subject.stwSelbstständigeen
dc.subject.stwUnternehmeren
dc.subject.stwFarbige Bevölkerungen
dc.subject.stwBildungsniveauen
dc.subject.stwUSAen
dc.titleAfrican Americansà pursuit of self-employment-
dc.type|aWorking Paperen
dc.identifier.ppn552644668en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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