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Uwaifo-Oyelere Highlights New Research on Racial Gap in Self-Employment Research Federal Reserve Policy Summit
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Economics Assistant Professor Ruth Uwaifo-Oyelere was an invited speaker at the 2013 Policy Summit on Housing, Human Capital, and Inequality at the Federal Reserve Bank of Cleveland.
Uwaifo-Oyelere presented her research, a collaborative effort with Economics Professor Willie Belton, on the role of past institutions and information in explaining the black-white gap in self-employment in the U.S. She also discussed policy implications of this research.
Past literature has suggested that African-American self-employment rates lag far behind those of other racial groups in the U.S. Similarly, the literature also provides evidence of the long-lived nature of institutions and the relationship between institutions, decision-making, and socio-economic outcomes.
In their study, “Black–White Gap in Self-Employment. Does Intra-Race Heterogeneity Exist?" Uwaifo-Oyelere and Belton provide an explanation for the self-employment gap, focusing on the significance of repeated negative institutional shocks and how such shocks could have influenced individual's perception of success in self-employment and deterred entry. The study finds that African-Americans, who were less likely to be influenced by negative institutional shocks and the information transmission from these experiences, have similar self-employment probabilities to comparably situated white Americans. This research is the first to highlight intra-race and cohort differences in the self-employment gap.
More information on the Policy Summit can be found at http://www.clevelandfed.org/community_development/events/ps2013/index.cfm.
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- Workflow Status:Published
- Created By:Kelly Billings
- Created:09/20/2013
- Modified By:Fletcher Moore
- Modified:10/07/2016
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