Indian Entrepreneurial Success in the United States, Canada and the United Kingdom

46 Pages Posted: 23 Dec 2013  

Robert W. Fairlie

University of California, Santa Cruz - Department of Economics

Harry A. Krashinsky

University of Toronto - Centre For Industrial Relations

Julie M. Zissimopoulos

University of Southern California - Sol Price School of Public Policy; The RAND Corporation

Krishna B. Kumar

University of Southern California

Multiple version iconThere are 2 versions of this paper

Date Written: December 23, 2013

Abstract

Indian immigrants in the United States and other wealthy countries are successful in entrepreneurship. Using Census data from the three largest developed countries receiving Indian immigrants in the world -- the United States, United Kingdom and Canada -- we examine the performance of Indian entrepreneurs and explanations for their success. We find that business income of Indian entrepreneurs in the United States is substantially higher than the national average and is higher than any other immigrant group. Approximately half of the average difference in income between Indian entrepreneurs and the national average is explained by their high levels of education while industry differences explain an additional 10 percent. In Canada, Indian entrepreneurs have average earnings slightly below the national average but they are more likely to hire employees, as are their counterparts in the United States and United Kingdom. The Indian educational advantage is smaller in Canada and the United Kingdom contributing less to their entrepreneurial success.

Keywords: entrepreneurship, immigration, Indian migrants

JEL Classification: L260, J150

Suggested Citation

Fairlie, Robert W. and Krashinsky, Harry A. and Zissimopoulos, Julie M. and Kumar, Krishna B., Indian Entrepreneurial Success in the United States, Canada and the United Kingdom (December 23, 2013). CESifo Working Paper Series No. 4510. Available at SSRN: https://ssrn.com/abstract=2371246

Robert W. Fairlie (Contact Author)

University of California, Santa Cruz - Department of Economics ( email )

Department of Economics
Engineering 2 Bldg.
Santa Cruz, CA 95064
United States
831-459-3332 (Phone)

HOME PAGE: http://econ.ucsc.edu/~fairlie/

Harry A. Krashinsky

University of Toronto - Centre For Industrial Relations ( email )

121 St. George Street
Toronto M5S 2E8
Canada
(416) 978-5696 (Phone)

Julie M. Zissimopoulos

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States

The RAND Corporation ( email )

P.O. Box 2138
1776 Main Street
Santa Monica, CA 90407-2138
United States

Krishna B. Kumar

University of Southern California ( email )

Marshall School of Business, HOH 701
Los Angeles, CA 90089
United States
213-740-6533 (Phone)
213-740-6650 (Fax)

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