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Autoren: 
Sinning, Mathias
Datum: 
2007
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 59
Zusammenfassung: 
This paper examines the relative wealth position and the portfolio choices of immigrants in Germany. The empirical findings reveal significant differences in overall wealth and various wealth components between German natives and immigrants. Differences in real estate constitute the major part of different levels of net worth, indicating that disparities in home-ownership rates are responsible for the main part of the overall wealth gap. Moreover, migrants' degree of portfolio diversification is significantly lower than that of comparable natives. The results of a decomposition analysis suggest that differences in wealth and asset holdings may be explained by disparity in educational attainment to a sizable extent, while the effects of income differentials and differences in demographic characteristics are insignificant.
Schlagwörter: 
International migration
wealth accumulation
decomposition analysis
multiple imputation
JEL: 
F22
D31
Dokumentart: 
Working Paper

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