TY - JOUR
T1 - The wealth and asset holdings of U.S.-born and foreign-born households
T2 - Evidence from SIPP data
AU - Cobb-Clark, Deborah A.
AU - Hildebrand, Vincent A.
PY - 2006/3
Y1 - 2006/3
N2 - 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 2.5 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.
AB - 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 2.5 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.
UR - http://www.scopus.com/inward/record.url?scp=33644680269&partnerID=8YFLogxK
U2 - 10.1111/j.1475-4991.2006.00174.x
DO - 10.1111/j.1475-4991.2006.00174.x
M3 - Review article
SN - 0034-6586
VL - 52
SP - 17
EP - 42
JO - Review of Income and Wealth
JF - Review of Income and Wealth
IS - 1
ER -