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Title: Immigrant Household Investment Behavior and Country of Origin: A Study of Immigrants to the United States

Citation Type: Working Paper

Publication Year: 2010

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Abstract: Previous literature concerning immigrant financial market participation has typically treated the immigrant population as a homogeneous collective. However, the immigrant population in the United States is incredibly diverse, particularly in regards to country of origin. Using panel data, we test the hypothesis that U.S. immigrant asset market participation rates vary depending on country of origin. We find that significant variations in the rates of holding stock, mutual funds, U.S. Savings Bonds, and other fixed income securities do exist. In fact, immigrants from some countries of origin are more likely to hold certain types of assets than American natives.Keywords: Investment decision making, immigrants

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Authors: Bogan, Vicki; Seto, Sayako

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Migration and Immigration

Countries: United States