What Explains the Wealth Gap Between Immigrants and the New Zealand Born?

John Gibson (), Trinh Van Thi Le () and Steven Stillman ()

No 715, CReAM Discussion Paper Series from Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London

Abstract: Immigrants are typically found to have less wealth and hold it in different forms than the native born. These differences may affect both the economic assimilation of immigrants and overall portfolio allocation when immigrants are a large share of the population, as in New Zealand. In this paper, data from the 2001 Household Savings Survey are used to examine wealth differences between immigrants and the New Zealand-born. Differences in the allocation of portfolios between housing and other forms of wealth are described. Unconditional and conditional wealth quantiles are examined using parametric models. Semiparametric methods are used to decompose differences in net worth at different parts of the wealth distribution into the part due to differences in characteristics and the part due to differences in the returns to characteristics.

Keywords: Immigration; Portfolios; Semiparametric Decomposition; Wealth (search for similar items in EconPapers)
JEL-codes: D31 G11 J15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mig
Date: 2007-11
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Related works:
Working Paper: What Explains the Wealth Gap Between Immigrants and the New Zealand Born? (2007)
Working Paper: What Explains the Wealth Gap between Immigrants and the New Zealand Born? (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:crm:wpaper:0715

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