TY  - GEN
CY  - London, UK
UR  - http://www.econ.ucl.ac.uk/cream/publicationsdiscussionpapers.htm
PB  - Centre for Research and Analysis of Migration
AV  - public
A1  - Gibson, J.
A1  - Le, T.
A1  - Stillman, S.
Y1  - 2007/11//
TI  - What explains the wealth gap between immigrants and the New Zealand born?
N2  - Immigrants are typically found to have less wealth and hold it in different forms than
the native born. These differences may affect both the economic assimilation of
immigrants and overall portfolio allocation when immigrants are a large share of the
population, as in New Zealand. In this paper, data from the 2001 Household Savings
Survey are used to examine wealth differences between immigrants and the New
Zealand-born. Differences in the allocation of portfolios between housing and other
forms of wealth are described. Unconditional and conditional wealth quantiles are
examined using parametric models. Semiparametric methods are used to decompose
differences in net worth at different parts of the wealth distribution into the part due
to differences in characteristics and the part due to differences in the returns to
characteristics.
ID  - discovery14264
T3  - Discussion Paper Series
KW  - D31
KW  -  G11
KW  -  J15
ER  -