Immigrants & Wealth
Because wealth is an important measure of financial well-being and economic incorporation, understanding the wealth ownership patterns of immigrant groups and their American-born children could provide important insight into both trends in wealth ownership and immigrant incorporation.
There is considerable heterogeneity among Chinese immigrants in saving and wealth accumulation. This paper explores how the context of emigration shapes those differences.
Chinese and Indian immigrants to the U.S. have high wealth among immigrants, but there is considerable within-group heterogeneity.
Mexican American face considerable early-life impediments to mobility, and they have not achieved wealth-parity with whites. But despite early roadblocks, Mexican American adults accumulate considerable net worth.