Immigrant entrepreneurship and the origin of bankers

Arbeitspapier

Earlier research has shown that immigrant- and minority entrepreneurs have difficulties accessing capital through the formal financial markets. This essay studies what role immigrant employees within the local bank sector have for the probability of immigrants to run their own businesses. I use linked employer-employee data covering the whole Swedish labor market for the years 1987 to 2003 and utilize a nationwide refugee dispersal policy to get exogenous variation in the exposure to co-ethnic bank employees. Results suggest that there is a positive relation between co-ethnic bank employees and the probability of being self-employed. This effect is most pronounced for immigrants who arrived with low education, for males and for those residing in metropolitan regions. The effects are substantial and robust to a wide set of controls for labor market characteristics of the ethnic group at the local level. These results provides evidence of an ethnic component in the formal credit markets.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2014:19

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; New Firms; Startups ; Labor Discrimination
• Thema: self-employment ; immigrant entrepreneurs ; capital access ; information asymmetry ; minority representation

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Eliasson, Tove
• Ereignis: Veröffentlichung
• (wer): Institute for Evaluation of Labour Market and Education Policy (IFAU)
• (wo): Uppsala
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/106269
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ