The Absence of the African-American Owned Business: An Analysis of the Dynamics of Self-employmentDepartment of Economics, University of California, Santa Cruz, 1997 - African American business enterprises - 31 pages |
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African-American asset levels explain Asset levels interest black and white black transition rate black/white gap cash payments characteristics not listed coefficient estimates contribution estimates contributions of racial demographic and personal differences between blacks differences in asset entry rate exit from self-employment exit rate experience current postion experience in self-employment family units Father's education level Father's self-employment status following variables full sample gap from racial gap in Specification heads of family income and cash independent variables levels interest income Levels of demographic liquidity constraint logit equations male non-agricultural workers Mean Deviation Michael Hutchison Nirvikar Singh non-agricultural workers ages null hypothesis past self-employment experience personal characteristics predicted self-employment rate PSID racial gap rate into self-employment reported in Table restricted sample risk aversion self-employed father self-employment rate gap Standard errors subsamples of whites transition probability Transition rate gap transitions into self-employment wage/salary workers white coefficients white transition rate workers ages 16 Yin-Wong Cheung