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The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families

Publication ,  Journal Article
Bradford, WD
Published in: Economic Development Quarterly
August 8, 2014

Does business ownership reduce the wealth disparity between Black and White households? The author uses Panel Study of Income Dynamics (PSID) data on family wealth in 1999 through 2009 to examine the levels of wealth and changes in wealth of entrepreneurs and workers among Black and White families. Black entrepreneurs (self-employed) have higher wealth levels and more upward wealth mobility than do Black workers. The upward wealth mobility of Black entrepreneurs is equivalent to that of White entrepreneurs, while the wealth mobility of White entrepreneurs is greater than that of White workers. These findings are consistent with Black entrepreneurship reducing the wealth disparity between Black and White families.

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Published In

Economic Development Quarterly

DOI

EISSN

1552-3543

ISSN

0891-2424

Publication Date

August 8, 2014

Volume

28

Issue

3

Start / End Page

254 / 269

Related Subject Headings

  • Urban & Regional Planning
  • 4407 Policy and administration
  • 4404 Development studies
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1205 Urban and Regional Planning
 

Citation

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ICMJE
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Bradford, W. D. (2014). The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families. Economic Development Quarterly, 28(3), 254–269. https://doi.org/10.1177/0891242414535468
Bradford, W. D. “The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families.” Economic Development Quarterly 28, no. 3 (August 8, 2014): 254–69. https://doi.org/10.1177/0891242414535468.
Bradford WD. The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families. Economic Development Quarterly. 2014 Aug 8;28(3):254–69.
Bradford, W. D. “The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families.” Economic Development Quarterly, vol. 28, no. 3, Aug. 2014, pp. 254–69. Scopus, doi:10.1177/0891242414535468.
Bradford WD. The “Myth” That Black Entrepreneurship Can Reduce the Gap in Wealth Between Black and White Families. Economic Development Quarterly. 2014 Aug 8;28(3):254–269.
Journal cover image

Published In

Economic Development Quarterly

DOI

EISSN

1552-3543

ISSN

0891-2424

Publication Date

August 8, 2014

Volume

28

Issue

3

Start / End Page

254 / 269

Related Subject Headings

  • Urban & Regional Planning
  • 4407 Policy and administration
  • 4404 Development studies
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1205 Urban and Regional Planning