Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Topics
Data & Maps
Surveys & Programs
Resource Library
Small Business Growth and Failure during the Great Recession: The Role of House Prices, Race and Gender
Small Business Growth and Failure during the Great Recession: The Role of House Prices, Race and Gender
Working Paper Number CARRA-WP-2016-08
Abstract
Using 2002-2011 data from the Longitudinal Business Database linked to the 2002 and 2007 Survey of Business Owners, this paper explores whether (through a collateral channel) the rise in home prices over the early 2000’s and their subsequent fall associated with the Great Recession had differential impacts on business performance across owner race, ethnicity and gender.
We find that the employment growth rate of minority-owned firms, particularly black and Hispanic-owned firms, is more sensitive to changes in house prices than is that of their nonminority-owned counterparts.
Others in Series
Working Paper
Evaluating the Use of Commercial Data to Improve Survey Estimates
Evaluates the potential to use commercial data to reduce respondent burden, study survey response error and improve adjustments for survey nonresponse.
Working Paper
The New Lifecycle of Women's Employment
Explores increases in cumulative work experience for women from the 1930s to the 1970s.
Working Paper
Differences in Self-employment Duration by Year of Entry & Pre-entry
Examines self-employment duration for five consecutive entry cohorts, including two cohorts who entered self-employment during the Great Recession.
Page Last Revised - October 8, 2021
✕
Is this page helpful?
Yes
No
Yes
No✕
NO THANKS
255 characters maximum
255 characters maximum reached
255 characters maximum reached
✕
Thank you for your feedback.
Comments or suggestions?
Comments or suggestions?
