The Impact of the COVID-19 Pandemic on Business Ownership Across Racial/Ethnic Groups and Gender

Shinae L. Choi (), Erin R. Harrell () and Kimberly Watkins ()
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Shinae L. Choi: The University of Alabama
Erin R. Harrell: The University of Alabama
Kimberly Watkins: University of Georgia

Journal of Economics, Race, and Policy, 2022, vol. 5, issue 4, No 5, 307-317

Abstract: Abstract This study examined the economic impact of the COVID-19 pandemic on US older entrepreneurs’ businesses using the Health and Retirement Study. We estimated logistic regression models to document the odds of experiencing economic impact. The COVID-19 pandemic has affected nearly 76% of US older entrepreneurs but has disproportionately impacted the businesses of Black, Hispanic, Asian/other races, and women entrepreneurs. Older Black entrepreneurs had significantly higher odds of facing business closure (OR = 2.31, p

Keywords: Business closure; COVID-19; Entrepreneurship; Gender; Race/ethnicity (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s41996-022-00102-y

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