Resource title

Wealth and asset holdings of immigrants in Germany

Resource image

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Resource description

This paper examines the relative wealth position and the portfolio choices of immigrants in Germany. The empirical findings reveal significant differences in overall wealth and various wealth components between German natives and immigrants. Differences in real estate constitute the major part of different levels of net worth, indicating that disparities in home-ownership rates are responsible for the main part of the overall wealth gap. Moreover, migrants degree of portfolio diversification is significantly lower than that of comparable natives. The results of a decomposition analysis suggest that diffrences in wealth and asset holdings may be explained by disparity in educational attainment to a sizable extent, while the effects of income differentials and differences in demographic characteristics are insignificant.

Resource author

Mathias Sinning

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26795

Resource license

Adapt according to the presented license agreement and reference the original author.