Small Business Owner Liquid Wealth at Firm Startup and Exit

Wheat, Chris; Mac, Chi; Tremper, Nicholas

doi:10.2139/ssrn.4262836

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Pandemic Effects On Black-owned Businesses1

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2024

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“…Business owner ship is often cited as an impor tant mechanism in generating wealth and closing the black-white wealth gap. While business owners stand to create wealth through starting and growing successful businesses, such gains are modest over the first few years of operations of those businesses that survive and show little evidence of closing liquid wealth gaps (Wheat, Mac, and Tremper 2021). Moreover, small businesses may face substantial losses in house hold wealth upon firm exit.…”

Section: Pandemic Effects On Black-owned Businessesmentioning

confidence: 99%

The Pandemic Divide: How COVID Increased Inequality in America

Ravenelle

2024

Contemp Sociol

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Section: Pandemic Effects On Black-owned Businessesmentioning

confidence: 99%

The Pandemic Divide: How COVID Increased Inequality in America

Ravenelle

2024

Contemp Sociol

View full text Add to dashboard Cite

The Pandemic Divide

2022

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Given that the time frame of analy sis contained in this book predates the arrival in Amer i ca of notable variant strains, including the Delta strain of sars-CoV-2, we will refer to the initial strain of the disease caused by sars-CoV-2 as covid-19 and the era in which it became widespread as the covid-19 pandemic. Newer (or alternate) strains of sars-CoV-2 will be identified as such.Furthermore, given this collection's focus on racial disparities as related to the covid-19 pandemic, we use a variety of terms to refer to diff er ent races and ethnicities. While we recognize each term has strengths and shortcomings, we are inclined primarily to use black and white-both lowercase to reflect that race, despite having deleterious and disparate effects, is a construct rather than a biological classification-to denote individuals, families, and communities of those skin tones.Moreover, when discussing individuals of the Latino community, we will typically employ the term Latinos or Latinx, a decision that is further explained in the chapter by Sánchez and colleagues. When the term Hispanic is used in the data sets that are utilized throughout the book, we use that term in the text for clarity and consistency. This page intentionally left blankIntroduction. Six Feet and Miles Apart: Structural Racism in the United States and Racially Disparate Outcomes during the COVID-19 Pandemic lucas hubbard, gwendolyn l. wright, and william a. darity jr. 22 hubbard, wright, and darity www . federalreserve . gov / econres / notes / feds -notes / disparities -in -wealth -by -race -and -ethnicity -in -the -2019 -survey -of -consumer -finances -20200928 . htm.

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Small Business Owner Liquid Wealth at Firm Startup and Exit

Cited by 2 publications

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The Pandemic Divide: How COVID Increased Inequality in America

The Pandemic Divide: How COVID Increased Inequality in America

The Pandemic Divide

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