Can Black Entrepreneurship Reduce Black-White Inequality in the United States?

Susanne L. Toney () and Gregory Price
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Susanne L. Toney: Hampton University

Journal of Economics, Race, and Policy, 2021, vol. 4, issue 4, No 5, 294-301

Abstract: Abstract This paper considers whether Black entrepreneurship in the USA matters for Black-White inequality in well-being as measured by individual happiness. We utilize data from the 2018 General Social Survey on respondent self-reported levels of happiness to estimate fixed group effect logit specifications of self-reported happiness levels as a function of individual characteristics, including being a Black American, and a measure of entrepreneurship—self-employment. Parameter estimates reveal that accounting for self-employment entirely eliminates Black-White happiness inequality. Our results suggest that increasing Black entrepreneurship can reduce Black-White inequality in well-being as measured by happiness.

Keywords: Black entrepreneurship; Happiness; Inequality (search for similar items in EconPapers)
JEL-codes: C25 D63 I31 J15 L26 O52 Z13 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s41996-020-00065-y

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