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Title: Do Immigrants Have Lower Participation Rates in U.S. Financial Markets?
Resulting in 1 citation.
1. Chatterjee, Swarnankur
Do Immigrants Have Lower Participation Rates in U.S. Financial Markets?
International Journal of Business and Finance Research 3,2 (December 2009): 1-13.
Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1634061
Cohort(s): NLSY79
Publisher: Institute for Business and Finance Research, LLC. (IBFR)
Keyword(s): Educational Attainment; Financial Investments; Immigrants; Income; Income Risk

Permission to reprint the abstract has not been received from the publisher.

This paper uses data from the National Longitudinal Survey to examine the differences in individual financial market participation among native-born and immigrant Americans. The results indicate that when compared with natives, immigrants are less likely to own financial assets. A decomposition analysis of financial asset ownership reveals that income gap along with differences in educational attainment as well as the wealth and risk tolerance are the biggest contributors to this disparity. Additionally, income, wealth, inheritance, and educational attainment are positive predictors of financial market participation. Age, income, net worth and number of years of stay in the United States are positively associated with increase in financial wealth of immigrants across time. [ABSTRACT FROM AUTHOR]
Bibliography Citation
Chatterjee, Swarnankur. "Do Immigrants Have Lower Participation Rates in U.S. Financial Markets?" International Journal of Business and Finance Research 3,2 (December 2009): 1-13.