Using confidential microdata from the Characteristics of Business Owners survey, we examine why African American-owned businesses lag substantially behind white-owned businesses in sales, profits, employment, and survival. Black business owners are much less likely than white owners to have had...

Four decades ago, Nathan Glazer and Daniel Patrick Moynihan made the argument that the black family was not strong enough to create those extended clans that elsewhere were most helpful for businessmen and professionals. Using data from the confidential and restricted access Characteristics of...

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

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