This paper uses census data to examine the distinction between ethnic
economy effects and industry effects in the New York SMSA. Focusing on
ly on employees, I compare the attainments of ''insiders,'' that is, o
f ethnics within their ethnic economy industries, with the attainment
of ''outsiders'' in the same industries. I find little difference. I t
hen examine whether the industries in which ethnic economies are embed
ded offer all incumbents significantly different outcomes than do non-
ethnic economy industries. In slightly over half the industries associ
ated with an ethnic economy, earnings were significantly higher than a
verage; no effect on occupational status was uncovered. These results
suggest that industrial location is more consequential than being an '
'insider.''