Wealth of Immigrant and Native-born Americans*
نویسندگان
چکیده
This study examines immigrant-native differences in wealth. It improves upon past research by contrasting immigrant-native differences against racial-ethnic differences and by operationalizing spatial segregation and spatial mismatch. Drawing on theories on wealth and theories on immigration, it hypothesizes a discounted positive effect of education and a weaker detrimental effect of spatial segregation for immigrants than for natives. This study provides four major findings. (1) Levels of net worth, probabilities of positive, zero and negative net worth holdings, and wealth components are primarily stratified by race-ethnicity rather than by immigrant status. (2) When immigrants’ age at arrival is taken into account, their age-wealth profiles exceed native wealth profiles after 24 years of their arrival. (3) Education has a positive effect on net worth and it is weaker for immigrants than for natives. (4) The negative effect of spatial segregation is uniformly negative for both immigrants and natives. Implications for social inequality and immigrant assimilation are discussed.
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