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Entrepreneurial Attitudes and Knowledge of Black Youth

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  • William B. Walstad
  • Marilyn L. Kourilsky

Abstract

This study investigates the attitudes towards, education in, and knowledge of entrepreneurship of black youth using results from a national survey that was administered to a random sample of youth, ages 14 to 19. Survey responses reveal that black youth—more so than white youth—strongly desire to start businesses, want more entrepreneurship taught in their schools, and believe successful entrepreneurs have a responsibility to give back to the community. Limited access to role models, inadequate knowledge, and discomfort with some of the rationing mechanisms of competitive markets may limit the potential for black youth to realize their entrepreneurial aspirations. Implications of the survey results for black entrepreneurship are presented along with an educational initiative that models the potential impact of suitably designed and validated curricula.

Suggested Citation

  • William B. Walstad & Marilyn L. Kourilsky, 1998. "Entrepreneurial Attitudes and Knowledge of Black Youth," Entrepreneurship Theory and Practice, , vol. 23(2), pages 5-18, December.
    • Handle: RePEc:sae:entthe:v:23:y:1998:i:2:p:5-18
    DOI: 10.1177/104225879802300201
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    References listed on IDEAS

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    4. William B. Walstad, 1997. "The Effect of Economic Knowledge on Public Opinion of Economic Issues," The Journal of Economic Education, Taylor & Francis Journals, vol. 28(3), pages 195-205, September.
    5. Walstad, William B & Soper, John C, 1988. "A Report Card on the Economic Literacy of U.S. High School Students," American Economic Review, American Economic Association, vol. 78(2), pages 251-256, May.
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    Cited by:

    1. Aaron K. Chatterji & Kenneth Y. Chay & Robert W. Fairlie, 2014. "The Impact of City Contracting Set-Asides on Black Self-Employment and Employment," Journal of Labor Economics, University of Chicago Press, vol. 32(3), pages 507-561.
    2. Quan Hoang Vuong & Thu Hang Do & Thu Trang Vuong, 2016. "Resources, experience, and perseverance in entrepreneurs’ perceived likelihood of success in an emerging economy," Journal of Innovation and Entrepreneurship, Springer, vol. 5(1), pages 1-24, December.
    3. Rosemary Athayde, 2009. "Measuring Enterprise Potential in Young People," Entrepreneurship Theory and Practice, , vol. 33(2), pages 481-500, March.
    4. Nan Langowitz & Maria Minniti, 2007. "The Entrepreneurial Propensity of Women," Entrepreneurship Theory and Practice, , vol. 31(3), pages 341-364, May.
    5. Teresa A. Daniel & Calvin A. Kent, 2005. "An Assessment of Youth Entrepreneurship Programs in the United States," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 20(Spring 20), pages 126-147.
    6. P. Köllinger & M. Minniti, 2006. "Not for Lack of Trying: American Entrepreneurship in Black and White," Small Business Economics, Springer, vol. 27(1), pages 59-79, August.
    7. Rosanna Garcia & Daniel W. Baack, 2023. "The Invisible Racialized Minority Entrepreneur: Using White Solipsism to Explain the White Space," Journal of Business Ethics, Springer, vol. 188(3), pages 397-418, December.
    8. M. Thomas, 2009. "The impact of education histories on the decision to become self-employed: a study of young, aspiring, minority business owners," Small Business Economics, Springer, vol. 33(4), pages 455-466, December.
    9. Ozcam, Ahmet & Karadeniz, Esra, 2012. "The Determinants of the Growth Expectations of Turkish Entrepreneurs in the Way up the Entrepreneural Ladder Using Ordinal Logistic Model (OLM)," MPRA Paper 49908, University Library of Munich, Germany.
    10. Fairlie, Robert W. & Holleran, William, 2012. "Entrepreneurship training, risk aversion and other personality traits: Evidence from a random experiment," Journal of Economic Psychology, Elsevier, vol. 33(2), pages 366-378.
    11. Johan Klaesson & Özge Öner, 2021. "Ethnic enclaves and segregation—self-employment and employment patterns among forced migrants," Small Business Economics, Springer, vol. 56(3), pages 985-1006, February.
    12. Chand, Masud & Ghorbani, Majid, 2011. "National culture, networks and ethnic entrepreneurship: A comparison of the Indian and Chinese immigrants in the US," International Business Review, Elsevier, vol. 20(6), pages 593-606.
    13. Fairchild, Gregory B., 2008. "Residential segregation influences on the likelihood of black and white self-employment," Journal of Business Venturing, Elsevier, vol. 23(1), pages 46-74, January.
    14. Matthew C. Sonfield, 2016. "America’S Largest Black-Owned Companies: A 40-Year Longitudinal Analysis," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-19, March.
    15. Robert W. Fairlie & Alicia M. Robb, 2008. "Race and Entrepreneurial Success: Black-, Asian-, and White-Owned Businesses in the United States," MIT Press Books, The MIT Press, edition 1, volume 1, number 026206281x, December.
    16. Fairchild, Gregory B., 2010. "Intergenerational ethnic enclave influences on the likelihood of being self-employed," Journal of Business Venturing, Elsevier, vol. 25(3), pages 290-304, May.
    17. Gregory B. Fairchild, 2009. "Residential Segregation Influences on the Likelihood of Ethnic Self–Employment," Entrepreneurship Theory and Practice, , vol. 33(2), pages 373-395, March.
    18. Eric Joseph van Holm, 2021. "Making Entrepreneurs? Makerspaces and Entrepreneurial Intent Among High School Students," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(2), pages 249-266, September.
    19. Öner, Özge & Klaesson, Johan, 2018. "Ethnic Enclaves and Labor Market Outcomes – What Matters Most: Neighborhood, City or Region?," Working Paper Series 1251, Research Institute of Industrial Economics.

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