Wealth of Immigrant and Native-Born Americans
Abstract
This study hypothesizes nativity differences in the process of wealth accumulation with regards to accumulation rates, dissaving rates, the role of human capital, saving intention for children, and structural barriers to wealth accumulation. Based on an analysis of the 1992 and 1993 panels of the Survey of Income and Program Participation (SIPP), it reports four major findings. First, levels of net worth, life cycle patterns, and wealth components are primarily stratified by national origin and race-ethnicity rather than by nativity. Second, when immigrants’ adult years in the United States are taken into account, the life cycle pattern of wealth of the post-1965 immigrants catches up with that of natives within 22 years of arrival and then overtakes natives. Third, the process of wealth accumulation is similar for immigrants and natives in all but two respects – for immigrants, education is discounted and adult years in the United States matter. Lastly, spatial segregation has a uniform negative effect on wealth for both immigrants and natives.
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In the U.S., variation in wealth by nativity status is modest compared to variation by race-ethnicity and national origin.
“In the U.S., variation in wealth by nativity status is modest compared to variation by race-ethnicity and national origin (Hao 2004, 2007).”
From Wealth Inequality and Accumulation (2017) · cites this paper as Hao 2004
Cites
Ogbu, J. U., & Simons, H. D. (1998) · Anthropology & Education Quarterly · doi:10.1525/aeq.1998.29.2.155 · Cited by 1,272 · see citing works
Recent Trends in the Size Distribution of Household Wealth
Wolff, E. N. (1998) · Journal of Economic Perspectives · doi:10.1257/jep.12.3.131 · Cited by 430 · see citing works
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Wealth Inequality and Accumulation
Killewald, A., Pfeffer, F. T., & Schachner, J. N. (2017) · Annual Review of Sociology · doi:10.1146/annurev-soc-060116-053331 · Cited by 469 · see citing works
“In the United States, variation in wealth by nativity status is modest compared with variation by race-ethnicity and national origin (Hao 2004, 2007).”
BackgroundRecent Trends in the Size Distribution of Household Wealth
Wolff, E. N. (1998) · Journal of Economic Perspectives · doi:10.1257/jep.12.3.131 · Cited by 430 · see citing works
- Authors
- Hao, L.
- Affiliations
- Johns Hopkins University (US)
- Corresponding author
- Hao, Lingxin
- ORCID
- Hao, Lingxin
- Venue
- International Migration Review
- Publisher
- SAGE Publications
- Published
- 2004-06
- Volume
- 38
- Issue
- 2
- Pages
- 518-546
- ISSN
- 0197-9183 (ISSN-L)
- 1747-7379
- OpenAlex
- W2018985707
- Cited by
- 63
- References
- 2
- Citations by year
- 2026: 3 · 2025: 3 · 2024: 6 · 2023: 3 · 2022: 3 · 2021: 5 · 2020: 1 · 2019: 2 · 2018: 2 · 2017: 3 · 2016: 4 · 2015: 5 · 2014: 1 · 2013: 3
- FWCI
- 10.14
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- International Migration Review (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Migration and Labor Dynamics
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Social Sciences › Sociology and Political Science › Income, Poverty, and Inequality
- Keywords
- wealth accumulation, nativity, immigrants, native-born Americans, net worth, dissaving, human capital, returns to education, spatial segregation, race and ethnicity, national origin
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