Wealth of recent immigrants to the USA
by Suhas L. Ketkar; Manoj K. Dora
International Journal of Economic Policy in Emerging Economies (IJEPEE), Vol. 4, No. 4, 2011

Abstract: Developing countries' ability to issue diaspora bonds depends upon the wealth of their diaspora. We use the New Immigrants Survey data to determine the wealth accumulation and assets diversification of recent immigrants to the USA from different regions of the world. Our quantile (median) regressions on wealth levels reveal that the immigrant household head's years of US residence, age, and number of years of schooling exert statistically significant positive impact on the household's wealth. Furthermore, our Poisson regression results on asset diversification indicate that immigrants from SSA and LA are less risk averse than those from Asia.

Online publication date: Sun, 11-Jan-2015

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