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

  • Deborah A. Cobb-Clark
  • Vincent Hildebrand

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.

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File URL: http://socserv.mcmaster.ca/sedap/p/sedap89.pdf
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Paper provided by McMaster University in its series Social and Economic Dimensions of an Aging Population Research Papers with number 89.

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Length: 51 pages
Date of creation: Jan 2003
Date of revision:
Handle: RePEc:mcm:sedapp:89
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  28. repec:ilo:ilowps:338944 is not listed on IDEAS
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