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| Title: | | The Wealth and Asset Holdings of U.S.- Born and Foreign-Born Households: Evidence from SIPP Data  |
| Authors: | | Cobb-Clark, Deborah A. Hildebrand, Vincent A. |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 674 |
| Abstract: | | SIPP data are used to analyze the wealth of the U.S. foreign-born population. We find that the median wealth level of U.S.-born couples is 2.3 times the median of foreign-born couples, while the median wealth level of U.S.-born singles is three times that of foreign-born singles. Further, there is a great deal of diversity in wealth within the immigrant population. Diversity in net worth manifests itself primarily in source-region differences, while entry-cohort is more closely related to portfolio choices. Established immigrants hold less and recent immigrants hold more financial wealth. An opposite pattern emerges with respect to real estate equity. |
| Subjects: | | immigrants wealth asset portfolios |
| JEL: | | G11 J10 J61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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