Working Paper

Immigrant Entrepreneurship

Sari Pekkala Kerr, William R. Kerr
CESifo, Munich, 2016

CESifo Working Paper No. 6197

We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. Our work quantifies immigrant contributions to new firm creation in a wide variety of fields and using multiple definitions. While significant research effort has gone into understanding the economic impact of immigration into the United States, comprehensive data for quantifying immigrant entrepreneurship are difficult to assemble. We combine several restricted-access U.S. Census Bureau data sets to create a unique longitudinal data platform that covers 1992-2008 and many states. We describe differences in the types of businesses initially formed by immigrants and their medium-term growth patterns. We also consider the relationship of these outcomes to the immigrants’ age at arrival to the United States.

CESifo Category
Labour Markets
Fiscal Policy, Macroeconomics and Growth
Keywords: immigration, entrepreneurship, entry, firm survival and growth, venture capital, high-tech
JEL Classification: F220, J150, J440, J610, L260, M130, O310, O320, O330