The Asset Portfolios of Native-born and Foreign-born Australian Households
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Cobb-Clark, Deborah; Hildebrand, Vincent
Description
This paper analyses the net worth and asset portfolios of native- and foreign-born Australian families. Specifically, we estimate a system of asset equations with an adding-up constraint imposed to control for diversity in household wealth. We find that the wealth of mixed and native-born couples is not significantly different; however, immigrant-only couples have approximately $162.000 less wealth than native-born couples. Relative to equally wealthy native-born couples, immigrant-only couples...[Show more]
Collections | ANU Research Publications |
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Date published: | 2009 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/24684 |
Source: | The Economic Record |
DOI: | 10.1111/j.1475-4932.2008.00528.x |
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01_Cobb-Clark_The_Asset_Portfolios_of_2009.pdf | 178.59 kB | Adobe PDF | Request a copy |
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