1Despite strong transethnic genetic correlations reported in the literature for many complex traits, the non-2 transferability of polygenic risk scores across populations suggests the presence of population-specific 3 components of genetic architecture. We propose an approach that models GWAS summary data for one 4 trait in two populations to estimate genome-wide proportions of population-specific/shared causal SNPs. 5In simulations across various genetic architectures, we show that our approach yields approximately 6 unbiased estimates with in-sample LD and slight upward-bias with out-of-sample LD. We analyze 9 7 complex traits in individuals of East Asian and European ancestry, restricting to common SNPs (MAF > 8 5%), and find that most common causal SNPs are shared by both populations. Using the genome-wide 9 estimates as priors in an empirical Bayes framework, we perform fine-mapping and observe that high-10posterior SNPs (for both the population-specific and shared causal configurations) have highly correlated 11 effects in East Asians and Europeans. In population-specific GWAS risk regions, we observe a 2.8x 12 enrichment of shared high-posterior SNPs, suggesting that population-specific GWAS risk regions harbor 13 shared causal SNPs that are undetected in the other GWAS due to differences in LD, allele frequencies, 14 and/or sample size. Finally, we report enrichments of shared high-posterior SNPs in 53 tissue-specific 15 functional categories and find evidence that SNP-heritability enrichments are driven largely by many low-16 effect common SNPs. 17 respect to the set of variants included in the GWAS and can contain variants with indirect nonzero effects 52 that are statistical rather than biological in nature (this is analogous to the definition of SNP-heritability, 53 which is also a function of a specific set of SNPs 11,54-56 ). Through extensive simulations, we show that our 54 method yields approximately unbiased estimates of the proportions of population-specific/shared causal 55 variants if in-sample LD is used and slightly upward-biased estimates if LD is estimated from an external 56 reference panel. We then show that using these estimates as priors to perform fine-mapping (Methods) 57 produces well-calibrated per-SNP posterior probabilities and enrichment test statistics. We note that the 58 definition of enrichment used here is related to, but conceptually distinct from, definitions of SNP-59 heritability enrichment 13,16 . Under our framework, an enrichment of causal SNPs greater than 1 indicates 60 that, compared to the genome-wide background, there are more causal SNPs in that region than expected 57,58 61 (Methods). In contrast, an enrichment of SNP-heritability greater than 1 indicates that the average per-SNP 62 effect size in the region is larger than the genome-wide average per-SNP effect size. 63We apply our approach to publicly available GWAS summary statistics for 9 complex traits and 64 diseases in individuals of East Asian (EAS) and European (EUR) ancestry (average NEAS = 94,621, N...