The absence of the African-American owned business: an analysis of the dynamics of self-employment
Dept. 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 characteristics not listed coefficient estimates contribution estimates contributions of racial decomposition demographic and personal dependent variable differences between blacks differences in asset distributions enter self-employment entry rate exit from self-employment exit rate experience in self-employment Fairlie and Meyer family units Father's self-employment status full sample gap from racial gap in Specification heads of family individual levels interest income liquidity constraint logit equations Mean Deviation Michael Hutchison Nirvikar Singh non-agricultural workers ages null hypothesis Panel parental self-employment past self-employment experience personal characteristics predicted self-employment rate PSID racial gap rate into self-employment Real Exchange Rates reported in Table restricted sample risk aversion self-employed father self-employment rate gap self-employment transitions Standard errors subsamples of whites suggest that racial Transition rate gap transitions into self-employment wage/salary workers white coefficients white transition rate workers ages 16 Yin-Wong Cheung