Occupational change and asset holding among US immigrants Online publication date: Fri, 24-Jul-2015
by RaeHyuck Lee; Mashura Akilova; Tara Batista
International Journal of Migration and Border Studies (IJMBS), Vol. 1, No. 4, 2015
Abstract: Using data from the new immigrant survey (N = 3,669), we examined the association between occupational change and asset holding among legal US immigrants. Our findings suggest that immigrants' occupational upgrades tended to be positively associated with the likelihood of holding assets. Specifically, compared to immigrants whose occupational status remained the same, immigrants' upward mobility was associated with higher odds of holding home equity. Immigrants who experienced an occupational downgrade were more likely to hold liquid assets compared to those who experienced no change. Through a more specific model, which reflected the extent of change in occupational status (e.g., slight change and severe change), we found that, whereas immigrants who experienced a severe upgrade tended to be more likely to hold home equity, immigrants who experienced both slight and severe downgrade tended to be more likely to hold liquid assets.
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