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

By D. Cobb-Clark, Vincent A. Hildebrand. Social Science Research Network, 2006

186 citations recorded by the source corpus.

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.

Subfields: Accounting, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/684fc94184df9cee343ed386fd55128c59ac1014

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Citations in the corpus

Ethnic Identity and Immigrant Homeownership (2009, background): “recent immigrants ( Cobb-Clark and Hildebrand, 2002 ) and that savings and remittance decisions”
Locus of Control and Savings (2016, methodology): “We therefore adopt an inverse hyperbolic sine transformation – denoted as sinh−1 –, which is also defined for zero or negative values (Cobb-Clark & Hildebrand, 2006, 2009).”
The savings behavior of temporary and permanent migrants in Germany (2005, unknown): “Cobb-Clark and Hildebrand (2006) argue that individuals in the sending country may have certain social norms and expectations about intergenerational transfers, which can influence the amount of inherited wealth and consequently the postmigration savings propensity.”
Handbook of Consumer Finance Research (2008, background): “Cobb-Clark and Hildebrand ( 2006 ) studied the wealth and asset holdings of US households.”