The Portfolio Choices of Hispanic Couples*

Deborah A. Cobb‐Clark and Vincent Hildebrand
Authors registered in the RePEc Author Service: Deborah A. Cobb-Clark

Social Science Quarterly, 2006, vol. 87, issue 5, 1344-1363

Abstract: Objectives. The objective of this article is to assess the overall wealth level and portfolio choices of Hispanic families. Methods. We use Survey of Income and Program Participation (SIPP) data to first estimate the determinants of net worth. Conditioning on overall wealth levels, we then estimate a model of asset portfolios. Results. Our results reveal that Hispanic couples as a group are less wealthy than otherwise similar white couples, although there is substantial variation across Hispanic‐origin groups. Accounting for these wealth disparities, Hispanic couples hold less financial wealth, but more real estate and business equity than do white couples. Conclusions. Much of the disparity in portfolio choices of Hispanics as a group relative to whites appears to stem from the fact that they are less wealthy. At the same time, it is important to separately analyze the wealth position of distinct Hispanic‐origin groups.

Date: 2006
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Citations: View citations in EconPapers (7)

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https://doi.org/10.1111/j.1540-6237.2006.00431.x

Related works:
Working Paper: The Portfolio Choices of Hispanic Couples (2006)
Working Paper: The Portfolio Choices of Hispanic Couples (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:socsci:v:87:y:2006:i:5:p:1344-1363

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