@techreport{32f534c0fb0e4e529df1dbed7fa8a437,
title = "The wealth and asset holdings of U.S.-born and foreign-born households: Evidence from SIPP data",
abstract = "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.",
author = "Williams, {Donald R.} and Cobb-Clark, {Deborah A.}",
year = "2003",
language = "English",
series = "IRISS Working Papers",
publisher = "CEPS/INSTEAD",
number = "2003-07",
type = "WorkingPaper",
institution = "CEPS/INSTEAD",
}