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

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  • John Gibson

    ()
    (University of Waikato and Motu Economic and Public Policy Research)

  • Trinh Le

    ()
    (New Zealand Institute of Economic Research)

  • Steven Stillman

    ()
    (Motu Economic and Public Policy Research)

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.

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Bibliographic Info

Paper provided by Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London in its series CReAM Discussion Paper Series with number 0715.

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Date of creation: Nov 2007
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Handle: RePEc:crm:wpaper:0715

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  1. Barsky R. & Bound J. & Charles K.K. & Lupton J.P., 2002. "Accounting for the Black-White Wealth Gap: A Nonparametric Approach," Journal of the American Statistical Association, American Statistical Association, vol. 97, pages 663-673, September.
  2. John Gibson, 2000. "Sheepskin effects and the returns to education in New Zealand: Do they differ by ethnic groups?," New Zealand Economic Papers, Taylor & Francis Journals, vol. 34(2), pages 201-220.
  3. Thomas K. Bauer & Deborah A. Cobb-Clark & Vincent Hildebrand & Mathias Sinning, 2007. "A Comparative Analysis of the Nativity Wealth Gap," Social and Economic Dimensions of an Aging Population Research Papers 184, McMaster University.
  4. Deborah A. Cobb-Clark & Vincent Hildebrand, 2004. "The Wealth of Mexican Americans," Social and Economic Dimensions of an Aging Population Research Papers 116, McMaster University.
  5. Cobb-Clark, Deborah A. & Hildebrand, Vincent, 2003. "The wealth and asset holdings of U.S.-born and foreign-born households: Evidence from SIPP data," IRISS Working Paper Series 2003-07, IRISS at CEPS/INSTEAD.
  6. Nancy A. Jianakoplos & Paul L. Menchik, 1997. "Wealth Mobility," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 18-31, February.
  7. Zhang, Xuelin, 2003. "The Wealth Position of Immigrant Families in Canada," Analytical Studies Branch Research Paper Series 2003197e, Statistics Canada, Analytical Studies Branch.
  8. Joop Hartog & Rainer Winkelmann, 2003. "Comparing migrants to non-migrants: The case of Dutch migration to New Zealand," Journal of Population Economics, Springer, vol. 16(4), pages 683-705, November.
  9. Oaxaca, Ronald L. & Ransom, Michael R., 1994. "On discrimination and the decomposition of wage differentials," Journal of Econometrics, Elsevier, vol. 61(1), pages 5-21, March.
  10. Maury Gittleman & Edward N. Wolff, 2004. "Racial Differences in Patterns of Wealth Accumulation," Journal of Human Resources, University of Wisconsin Press, vol. 39(1).
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Cited by:
  1. Sierminska, Eva M. & Frick, Joachim R. & Grabka, Markus M., 2010. "Examining the gender wealth gap," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 669-690.
  2. Denise Doiron & Rochelle Guttmann, 2009. "Wealth Distributions of Migrant and Australian-born Households," The Economic Record, The Economic Society of Australia, vol. 85(268), pages 32-45, 03.
  3. Mathä, Thomas Y. & Porpiglia, Alessandro & Sierminska, Eva, 2011. "The immigrant/native wealth gap in Germany, Italy and Luxembourg," Working Paper Series 1302, European Central Bank.
  4. Sinning, Mathias, 2007. "Wealth and Asset Holdings of Immigrants in Germany," IZA Discussion Papers 3089, Institute for the Study of Labor (IZA).
  5. Eva M. Sierminska & Joachim R. Frick & Markus M. Grabka, 2008. "Examining the Gender Wealth Gap in Germany," SOEPpapers on Multidisciplinary Panel Data Research 115, DIW Berlin, The German Socio-Economic Panel (SOEP).
  6. Rob Hodgson & Jacques Poot, 2011. "New Zealand Research on the Economic Impacts of Immigration 2005-2010: Synthesis and Research Agenda," CReAM Discussion Paper Series 1104, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.

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