The Asset Portfolios of Native-born and Foreign-born Australian Households
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|
|Source:||The Economic Record|
|01_Cobb-Clark_The_Asset_Portfolios_of_2009.pdf||178.59 kB||Adobe PDF||Request a copy|
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