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Immigrant and Native Saving Behaviour in Australia

Asad Islam (), Jaai Parasnis () and Dietrich Fausten

No 27-10, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This paper examines whether the differences in the observed savings of immigrant and native households in Australia are related to underlying differences in observable characteristics of the two groups of households or to environmental factors. We use quantile regression and semi-parametric decomposition methods to identify the savings differential, and to isolate the factors that contribute to it. The basic finding is that while income can fully account for the observed difference in immigrant and native savings there are fundamental differences in the saving behaviour of the respective groups. Decomposition analysis suggests that the different characteristics of migrants and natives are responsible for the observed difference in savings. The results also indicate that immigrants have a tendency to save more than natives when compared to Australian-born households of similar characteristics. These findings are consistent with the observed disparities in the wealth holdings of immigrant and native-born households in Australia.

Keywords: savings; immigrants; native-born; decomposition; Australia (search for similar items in EconPapers)
JEL-codes: D10 F22 J61 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2010-05
New Economics Papers: this item is included in nep-mig
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