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Author: West, Stacia
Resulting in 1 citation.
1. Friedline, Terri
West, Stacia
Young Adults' Race, Wealth, and Entrepreneurship
Race and Social Problems 8,1 (March 2016): 42-63.
Cohort(s): NLSY97
Publisher: Springer
Keyword(s): Assets; Debt/Borrowing; Entrepreneurship; Ethnic Differences; Net Worth; Racial Differences; Wealth

Permission to reprint the abstract has not been received from the publisher.

This study explored relationships among young adults' wealth and entrepreneurial activities with emphasis on how these relationships differed among racial and ethnic groups. Using data from the 1997 National Longitudinal Survey of Youth, results indicated that young adults' (N = 8984) higher accumulated amounts of wealth were associated with pursuing self-employment at higher rates; however, differences emerged when the associations were explored with various types of wealth and within racial and ethnic groups. Black young adults' greater debt and net worth were associated with their increased likelihoods of self-employment. Among Latino/a young adults, greater liquid assets and net worth were associated with increased likelihoods of self-employment. Wealth was unrelated to white young adults' self-employment. Wealth appeared to play an outsized role in the self-employment of black and Latino/a young adults compared to that of their white counterparts. In other words, racial and ethnic minority young adults may have a heavier burden for generating their own capital to embark on entrepreneurial activities when mainstream credit markets are unresponsive or inaccessible. Policy implications are discussed.
Bibliography Citation
Friedline, Terri and Stacia West. "Young Adults' Race, Wealth, and Entrepreneurship." Race and Social Problems 8,1 (March 2016): 42-63.