Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184882 
Year of Publication: 
2018
Series/Report no.: 
GLO Discussion Paper No. 280
Publisher: 
Global Labor Organization (GLO), Maastricht
Abstract: 
Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood of holding risky assets, housing, mortgages, businesses, and valuables, while it increases the likelihood of financial fragility. Years since migration, countries of origin, and the pattern of intermarriage also matter. The Great Recession has worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility.
Subjects: 
immigrants
household finance
wealth
financial portfolios
Great Recession
JEL: 
F22
G11
D14
E21
J15
Document Type: 
Working Paper

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