Small Business Growth and Failure during the Great Recession: The Role of House Prices, Race & Gender

Ron Jarmin, C.J. Krizan and Adela Luque

CARRA Working Papers from Center for Economic Studies, U.S. Census Bureau

Abstract: Using 2002-2011 data from the Longitudinal Business Database linked to the 2002 and 2007 Survey of Business Owners, this paper explores whether (through a collateral channel) the rise in home prices over the early 2000’s and their subsequent fall associated with the Great Recession had differential impacts on business performance across owner race, ethnicity and gender. We find that the employment growth rate of minority-owned firms, particularly black and Hispanic-owned firms, is more sensitive to changes in house prices than is that of their nonminority-owned counterparts.

Date: 2016-11
New Economics Papers: this item is included in nep-bec and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.census.gov/content/dam/Census/library/ ... carra-wp-2016-08.pdf First version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cen:cpaper:2016-08

Access Statistics for this paper

More papers in CARRA Working Papers from Center for Economic Studies, U.S. Census Bureau Contact information at EDIRC.
Bibliographic data for series maintained by Dawn Anderson ().