Many small businesses closed in the pandemic, but were economic losses disproportionately felt by businesses owned by people of color? This paper provides the first study of the impacts of COVID-19 on racial inequality in business earnings. Pandemic-induced losses to business earnings in 2020...

Past studies have tested the claim that blacks are the last hired during periods of economic growth and the first fired in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from this type of analysis must be viewed as tentative...

The “Great Recession” resulted in many business closings and foreclosures, but what effectdid it have on business formation? On the one hand, recessions decrease potential businessincome and wealth, but on the other hand they restrict opportunities in the wage/salary sectorleaving the net...