%0 Report
        %A Cobb-Clark, Deborah A.
%A Hildebrand, Vincent A.
        %T The Wealth and Asset Holdings of U.S.- Born and Foreign-Born Households: Evidence from SIPP Data
        %D 2002
        %8 2002 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 674
        %U https://www.iza.org/index.php/publications/dp674
        %X 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.
        %K immigrants
%K wealth
%K asset portfolios