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

  • John Gibson

    ()

    (University of Waikato)

  • Trinh Le

    ()

    (New Zealand Institute of Economic Research)

  • Steven Stillman

    ()

    (Motu Economic and Public Policy Research)

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. Semi-parametric 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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File URL: ftp://mngt.waikato.ac.nz/RePEc/wai/econwp/0702.pdf
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Paper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number 07/02.

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Length: 25 pages
Date of creation: 30 Sep 2007
Date of revision:
Handle: RePEc:wai:econwp:07/02
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  1. 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.
  2. Bauer, Thomas K. & Cobb-Clark, Deborah A. & Hildebrand, Vincent A. & Sinning, Mathias, 2007. "A Comparative Analysis of the Nativity Wealth Gap," IZA Discussion Papers 2772, Institute for the Study of Labor (IZA).
  3. DiNardo, John & Fortin, Nicole M & Lemieux, Thomas, 1996. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Econometrica, Econometric Society, vol. 64(5), pages 1001-44, September.
  4. Deborah A. Cobb-Clark & Vincent Hildebrand, 2003. "The Wealth and Asset Holdings of U.S.-Born and Foreign-Born Households: Evidence from SIPP Data," Social and Economic Dimensions of an Aging Population Research Papers 89, McMaster University.
  5. Robert Barsky & John Bound & Kerwin Charles & Joseph Lupton, 2001. "Accounting for the Black-White Wealth Gap: A Nonparametric Approach," NBER Working Papers 8466, National Bureau of Economic Research, Inc.
  6. Cobb-Clark, Deborah A. & Hildebrand, Vincent A., 2004. "The Wealth of Mexican Americans," IZA Discussion Papers 1150, Institute for the Study of Labor (IZA).
  7. 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.
  8. Nancy A. Jianakoplos & Paul L. Menchik, 1997. "Wealth Mobility," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 18-31, February.
  9. repec:rwi:repape:0006 is not listed on IDEAS
  10. 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.
  11. Zhang, Xuelin, 2003. "The Wealth Position of Immigrant Families in Canada," Analytical Studies Branch Research Paper Series 2003197e, Statistics Canada, Analytical Studies Branch.
  12. 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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