Theoretical models of entrepreneurship posit that attitudes toward risk, entrepreneurial ability, and preferences for autonomy are central to the individual's decision between self-employment and wage/salary work.  None of the studies in the rapidly growing empirical literature on...

Estimates from the Panel Study of Income Dynamics (PSID) indicate that African-American men are one-third as likely to be self-employed as white men.  The large discrepancy is due to a black transition rate into self-employment that is approximately one half the white rate and a black...

We show that entrepreneurship rates differ substantially across 60 ethnic and racial groups in the United States.  These differences exist within broad combinations of groups such as Asians and Hispanics, and are almost as great after regression controls, including age, education, immigrant...

Estimates from the Panel Study of Income Dynamics (PSID) indicate that African-American men are one-third as likely to be self-employed as white men.  The large discrepancy is due to a black transition rate into self-employment that is approximately one half the white rate and a black...

We examine trends in entrepreneurship among white and black men from 1910 to 1990 using Census and CPS microdata.  Self-employment rates fell over most of the century and then started to rise after 1970.  For white men, we find that the decline was due to declining rates within industries,...