How do Immigrants Fare in Retirement

Lucie Schmidt and Purvi Sevak
Additional contact information
Purvi Sevak: Hunter College, http://econ.hunter.cuny.edu/

No 2012-07, Department of Economics Working Papers from Department of Economics, Williams College

Abstract: The extensive literature documenting differences in wages between immigrants and US-born workers suggests immigrant households may enter retirement at a significant financial disadvantage relative to households headed by the native-born. However, little work has examined differences in retirement resources and retirement security between immigrant and native households. In this paper, we use data from the Health and Retirement Study, linked with restricted data from the Social Security Administration, to compare retirement resources between immigrant and native-born households. Our results suggest that while immigrants have lower levels of Social Security benefits than natives, they have higher levels of private net worth after controlling for education, age, race, and ethnicity. The estimated immigrant differentials vary a great deal by years in the US, with the most recent immigrants the least prepared for retirement.

Keywords: immigrants; Social Security; retirement; wealth (search for similar items in EconPapers)
JEL-codes: J14 J15 J26 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2013-02
New Economics Papers: this item is included in nep-hea and nep-ias
References: Add references at CitEc
Citations:

Downloads: (external link)
https://web.williams.edu/Economics/wp/Glaeser_et_al_2004-1.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to web.williams.edu:443 (SSL connect attempt failed error:0A000152:SSL routines::unsafe legacy renegotiation disabled)

Related works:
Working Paper: How do Immigrants Fare in Retirement? (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wil:wileco:2012-07

Ordering information: This working paper can be ordered from

The price is Free.

Access Statistics for this paper

More papers in Department of Economics Working Papers from Department of Economics, Williams College Williamstown, MA 01267. Contact information at EDIRC.
Bibliographic data for series maintained by Greg Phelan ().