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- W2618752208 abstract "This paper examines racial disparities in entrepreneurship success using longitudinal data from Project GATE, an experimental-design entrepreneurship training program. These data are unique because they provide rich information on the characteristics of nascent entrepreneurs who applied for program participation, as well as on their entrepreneurship outcomes over a 60-month follow-up period. Analyses show that white nascent entrepreneurs were more successful than nonwhites in starting a business, becoming self-employed, and achieving high self-employment earnings over the entire 60-month follow-up period. These disparities are largely because whites started their pursuit of entrepreneurship with higher human capital and entrepreneurship skills, and better access to start-up financing. In fact, access to financing is the most important determinant of short-term and long-term success, while human capital and entrepreneurship skills are less important than previous work has suggested, particularly in explaining long-term differences. Finally, government-sponsored entrepreneurship training is found effective in helping nascent entrepreneurs to improve their entrepreneurship skills and become self-employed earlier than they would in the absence of training. There is no evidence, however, that training has higher effects for individuals with unfavorable initial conditions, and thus it is unlikely that government-sponsored training programs can reduce racial gaps in entrepreneurship success." @default.
- W2618752208 created "2017-06-05" @default.
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- W2618752208 date "2017-02-01" @default.
- W2618752208 modified "2023-09-27" @default.
- W2618752208 title "Race and nascent entrepreneurship: The role of skills, access to financing, and entrepreneurship training" @default.
- W2618752208 hasPublicationYear "2017" @default.
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