全球智库信息集成服务系统(G2TT): DP13339 The Financial Decisions of Immigrant and Native Households: Evidence from Italy

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP13339
	DP13339 The Financial Decisions of Immigrant and Native Households: Evidence from Italy
	Graziella Bertocchi; Marianna Brunetti; Anzelika Zaiceva
发表日期	2020-01-23
出版年	2020
语种	英语
摘要	Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native along the entire wealth distribution. Immigrant status reduces the likelihood of holding risky assets, housing, mortgages, businesses, and valuables, and it increases the likelihood of financial fragility. Standard regression results are corroborated by a propensity score matching strategy. Years since migration, country of origin, and the pattern of intermarriage also matter. The Great Recession has worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. Results are unaffected if an immigrant is defined as a non-citizen, rather than a foreign-born.
主题	Macroeconomics and Growth
关键词	Immigrants Household finance Wealth Financial portfolios
URL	https://cepr.org/publications/dp13339-0
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/543237
推荐引用方式 GB/T 7714	Graziella Bertocchi,Marianna Brunetti,Anzelika Zaiceva. DP13339 The Financial Decisions of Immigrant and Native Households: Evidence from Italy. 2020.