NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Social Networks, Ethnicity, and Entrepreneurship

William R. Kerr, Martin Mandorff

NBER Working Paper No. 21597
Issued in September 2015

---- Acknowledgements ----

Comments are appreciated and can be sent to wkerr@hbs.edu. We thank Gary Becker, Ola Bengtsson, Gustaf Bruze, Dennis Carlton, Barry Chiswick, Matthew Gentzkow, Emil Iantchev, Svante Janson, Mini Kaur, Steven Lalley, Ben Mathew, Andriy Protsyk, Jesse Shapiro, Rachel Soloveichik, Chad Syverson, Robert Topel and Nick Wormald and seminar participants for very valuable comments. We thank Meir Brooks and Rahul Gupta for excellent research support. This paper is a revised version of a paper initially prepared for The Economics of Entrepreneurship: Bringing the Entrepreneur Back into Economics conference in Venice, Italy, during July 2015. The theory section of this paper draws heavily from Mandorff's Ph.D. Dissertation at the University of Chicago. Financial support from the Marcus Wallenberg Foundation, the Jan Wallander and Tom Hedelius Foundation, the Esther and T.W. Schultz Dissertation Fellowship, the Markovitz Dissertation Fellowship, the Kauffman Foundation, and Harvard Business School is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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