This paper examines the relative wealth position and the portfolio choices of immigrants in Germany. The empirical findings reveal significant differences in overall wealth and various wealth components between German natives and immigrants. Differences in real estate constitute the major part of different levels of net worth, indicating that disparities in home-ownership rates are responsible for the main part of the overall wealth gap. Moreover, migrants’ degree of portfolio diversification is significantly lower than that of comparable natives. The results of a decomposition analysis suggest that diffrences in wealth and asset holdings may be explained by disparity in educational attainment to a sizable extent, while the effects of income differentials and differences in demographic characteristics are insignificant.
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Paper provided by Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen in its series Ruhr Economic Papers with number
0030.
Find related papers by JEL classification: F22 - International Economics - - International Factor Movements and International Business - - - International Migration D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Thomas K. Bauer, & Deborah A. Cobb-Clark & Vincent Hildebrand & Mathias Sinning, 2007.
"A Comparative Analysis of the Nativity Wealth Gap,"
Ruhr Economic Papers
0006, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
[Downloadable!]
Other versions:
Thomas K. Bauer & Deborah A. Cobb-Clark & Vincent A. Hildebrand & Mathias Sinning, 2007.
"A Comparative Analysis of the Nativity Wealth Gap,"
CEPR Discussion Papers
554, Centre for Economic Policy Research, Research School of Social Sciences, Australian National University.
[Downloadable!]
Deborah Cobb-Clark & Vincent A. Hildebrand, 2006.
"The Wealth of Mexican Americans,"
CEPR Discussion Papers
519, Centre for Economic Policy Research, Research School of Social Sciences, Australian National University.
[Downloadable!]
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