Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20820
Authors: 
Cobb-Clark, Deborah A.
Hildebrand, Vincent A.
Year of Publication: 
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

Files in This Item:
File
Size
510.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.