Racial Differences in Returns on Business Ownership

Jacob Hager and Baris Kaymak
Additional contact information
Jacob Hager: https://www.clevelandfed.org/people/profiles/h/hager-jacob

Economic Commentary, 2023, vol. 2023, issue 03, 6

Abstract: In this Commentary, we document entrepreneurial income and investments for households of different racial backgrounds and provide estimates of investment yields. We find that an average Black household engaged in entrepreneurial activity has a higher rate of return on its business followed by Hispanic households and white households, a circumstance which makes low entrepreneurship rates among Black and Hispanic communities appear all the more puzzling.

Keywords: Diversity (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.26509/frbc-ec-202303 Full Text (text/html)

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:fip:fedcec:95594

Ordering information: This journal article can be ordered from

DOI: 10.26509/frbc-ec-202303

Access Statistics for this article

More articles in Economic Commentary from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().