Neighborhood Segregation and Black Entrepreneurship
||Fesselmeyer, Eric; Kiat Ying Seah
||Neighborhood Segregation and Black Entrepreneurship
||24th Annual European Real Estate Society Conference in Delft, Netherlands
||We examine the causal effect of neighborhood segregation on black entrepreneurship. We address neighborhood sorting by analyzing city averages and omitted variable bias by instrumenting for segregation using historical railroad configurations. We find that segregation has a significant positive effect. Additionally, in order to minimize the effect of cross-city sorting, we use a narrower sample constructed from outcomes of young adults and find a similar effect. Our findings are important because historically entrepreneurship has been an avenue out of poverty, and entrepreneurship has been promoted as a way to decrease welfare and unemployment.
||Segregation; Inequality; Entrepreneurship;
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||Housing Markets & Economics
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