The Wealth and Asset Holdings of U.S.-Born and Foreign-Born Households: Evidence from SIPP Data

Deborah Cobb-Clark and Vincent Hildebrand

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

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.

Keywords: wealth; immigrants (search for similar items in EconPapers)
JEL-codes: G11 J10 J61 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2003-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: THE WEALTH AND ASSET HOLDINGS OF U.S.‐BORN AND FOREIGN‐BORN HOUSEHOLDS: EVIDENCE FROM SIPP DATA (2006)
Working Paper: The wealth and asset holdings of U.S.-born and foreign-born households: Evidence from SIPP data (2003)
Working Paper: The Wealth and Asset Holdings of U.S.- Born and Foreign-Born Households: Evidence from SIPP Data (2002)
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