Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This is reflected in immigration policies and many developed countries have created special visas and entry requirements in an attempt to attract immigrant entrepreneurs. Not...

Previous research suggests that inefficiencies in the small business market exist surrounding the availability of capital by Small and Microenterprises (SMMEs). Using data from the 1992 Characteristics of Business Owners Survey (CBO), the 2002 Survey of Business Owners (SBO), and the 2003 Survey...

A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance--in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not.

An extensive literature in the social sciences analyzes peer effects among students, but estimation is complicated by several major problems some of which cannot be solved even with random assignment. We design a field experiment and propose a new estimation technique to address these estimation...

Although business ownership has implications for income inequality, wealth accumulation and job creation, surprisingly little research explores why Mexican-Americans are less likely to start businesses and why the businesses that they start are less successful on average than non-Latino whites....

An extensive literature in the social sciences analyzes peer effects among students, but estimation is complicated by several major problems some of which cannot be solved even with random assignment. We design a field experiment and propose a new estimation technique to address these estimation...