Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/269126 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
ECB Working Paper No. 2719
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their country of residence ("natives") vs. those born in other EU and non- EU countries ("immigrants"). The differences in wealth are more substantial than the differences in wages and incomes: immigrants earn on average about 30% lower wages than natives and hold roughly 60% less net wealth. For all variables, only a small fraction of differences between natives and immigrants-around 30%-can be explained by differences in demographics (age, gender, marital status, education, occupation, sector of employment). Immigrants are more likely to be liquidity constrained: while about 17% of natives can be labelled as "hand-to-mouth" (holding liquid assets worth less than two weeks of income), the corresponding share is 20% for households born in another EU country and 29% for those born outside the EU. Employment rates of immigrants are substantially more sensitive to fluctuations in aggregate employment. Monetary policy easing stimulates more strongly employment of individuals born outside the EU.
Schlagwörter: 
migration
inequality
monetary policy
distribution of income and wealth
JEL: 
J15
D31
E52
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-5306-1
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.21 MB





Publikationen in EconStor sind urheberrechtlich geschützt.