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Author:Hager, Jacob 

Journal Article
Racial Differences in Returns on Business Ownership

In this Commentary, we document entrepreneurial income and investments for households of different racial backgrounds and provide estimates of investment yields. We find that an average Black household engaged in entrepreneurial activity has a higher rate of return on its business followed by Hispanic households and white households, a circumstance which makes low entrepreneurship rates among Black and Hispanic communities appear all the more puzzling.
Economic Commentary , Volume 2023 , Issue 03 , Pages 6

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