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Atlanta, GA | Posted: September 20, 2013
Kelly Billings
Student Recruitment & Retention Advisor
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Professor Ruth Uwaifo Oyelere was an invited speaker at the 2013 Policy Summit on Housing, Human Capital, and Inequality at the Federal Reserve Bank of Cleveland that took place on the 19th and 20th of September 2013.
Ruth OyelereEconomics Assistant Professor Ruth Uwaifo-Oyelere was an invited speaker at the 2013 Policy Summit on Housing, Human Capital, and Inequality at the Federal Reserve Bank of Cleveland.
Uwaifo-Oyelere presented her research, a collaborative effort with Economics Professor Willie Belton, on the role of past institutions and information in explaining the black-white gap in self-employment in the U.S. She also discussed policy implications of this research.
Past literature has suggested that African-American self-employment rates lag far behind those of other racial groups in the U.S. Similarly, the literature also provides evidence of the long-lived nature of institutions and the relationship between institutions, decision-making, and socio-economic outcomes.
In their study, “Black–White Gap in Self-Employment. Does Intra-Race Heterogeneity Exist?" Uwaifo-Oyelere and Belton provide an explanation for the self-employment gap, focusing on the significance of repeated negative institutional shocks and how such shocks could have influenced individual's perception of success in self-employment and deterred entry. The study finds that African-Americans, who were less likely to be influenced by negative institutional shocks and the information transmission from these experiences, have similar self-employment probabilities to comparably situated white Americans. This research is the first to highlight intra-race and cohort differences in the self-employment gap.
More information on the Policy Summit can be found at http://www.clevelandfed.org/community_development/events/ps2013/index.cfm.
