TY  - RPRT
        AU  - Cobb-Clark, Deborah A.
AU  - Hildebrand, Vincent A.
        TI  - The Wealth and Asset Holdings of U.S.- Born and Foreign-Born Households: Evidence from SIPP Data
        PY  - 2002/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 674
        UR  - https://www.iza.org/index.php/publications/dp674
        AB  - 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.
        KW  - immigrants
KW  - wealth
KW  - asset portfolios
        ER  -