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Hurst and Lusardi (2004) recently challenged the long-standing belief that liquidity constraints are important causal determinants of entry into self-employment. They demonstrate that the oft-cited positive relationship between entry rates and assets is actually unchanging as assets increase from the 1st to the 95th percentile of the asset distribution, but(More)
Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments. I would like to thank Rebecca London and Lori Kletzer for helpful comments and suggestions. Garima Vasishtha provided excellent research assistance. Abstract The Blinder-Oaxaca decomposition technique is widely used to identify and quantify(More)
Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between(More)
In recent years, a plethora of public and private programs in the United States have been created to close the " Digital Divide. " Interestingly, however, we know very little about the underlying causes of racial differences in rates of computer and Internet access. In this paper, I use data from the Computer and Internet Use Supplement to the August 2000(More)
Fairlie acknowledges partial funding from the Spencer Foundation. The views expressed here are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Spencer Foundation, the Board of Governors of the Federal Reserve System, or any other person associated with the Federal Reserve System. We thank Chris Jepsen(More)
Theoretical models of self-employment posit that attitudes toward risk, entrepreneurial ability, and preferences for autonomy are central to the individual's decision between self-employment and wage/salary work. None of the studies in the rapidly growing empirical literature on self-employment, however, have been able to test whether these factors are(More)
We examine trends in self-employment among white and black men from 1910 to 1990 using Census and CPS microdata. Self-employment rates fell over most of the century and then started to rise after 1970. For white men, we find that the decline was due to declining rates within industries, but was counterbalanced somewhat by a shift in employment towards high(More)