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Author: Chatterjee, Swarnankur

Resulting in 8 citations.

1.	Chatterjee, Swarnankur
1.	Do Immigrants Have Lower Participation Rates in U.S. Financial Markets? International Journal of Business and Finance Research 3,2 (December 2009): 1-13. Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1634061 Cohort(s): NLSY79 Publisher: Institute for Business and Finance Research, LLC. (IBFR) Keyword(s): Educational Attainment; Financial Investments; Immigrants; Income; Income Risk Permission to reprint the abstract has not been received from the publisher. This paper uses data from the National Longitudinal Survey to examine the differences in individual financial market participation among native-born and immigrant Americans. The results indicate that when compared with natives, immigrants are less likely to own financial assets. A decomposition analysis of financial asset ownership reveals that income gap along with differences in educational attainment as well as the wealth and risk tolerance are the biggest contributors to this disparity. Additionally, income, wealth, inheritance, and educational attainment are positive predictors of financial market participation. Age, income, net worth and number of years of stay in the United States are positively associated with increase in financial wealth of immigrants across time. [ABSTRACT FROM AUTHOR]
	Bibliography Citation Chatterjee, Swarnankur. "Do Immigrants Have Lower Participation Rates in U.S. Financial Markets?" International Journal of Business and Finance Research 3,2 (December 2009): 1-13.

2.	Chatterjee, Swarnankur
2.	Health Insurance Coverage and the Role Of Income Uncertainty Economics Bulletin 29, 2 (3 June 2009): 1254-1262. Also: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I2-P70.pdf Cohort(s): NLSY79 Publisher: Economics Bulletin Keyword(s): Benefits, Insurance; Educational Attainment; Income; Insurance, Health Permission to reprint the abstract has not been received from the publisher. This paper uses the National Longitudinal Survey data set to examine the role of income uncertainty in explaining the likelihood of health insurance coverage among individuals. After controlling for a number of socioeconomic, demographic, and behavioral factors, the results suggest that individuals who face greater income uncertainty are less likely to have health insurance coverage. Additionally, the likelihood of health insurance coverage increases with income and educational attainment.
	Bibliography Citation Chatterjee, Swarnankur. "Health Insurance Coverage and the Role Of Income Uncertainty." Economics Bulletin 29, 2 (3 June 2009): 1254-1262.

3.	Chatterjee, Swarnankur
3.	Individual Stockownership in the United States: Native-Immigrant Gap and the Role of Risk Tolerance. International Research Journal of Finance and Economics 28 (June 2009): 160-168. Also: http://www.eurojournals.com/irjfe_28_13.pdf Cohort(s): NLSY79 Publisher: European Journals, Inc. Keyword(s): Educational Attainment; Financial Investments; Home Ownership; Immigrants; Income Level; Risk Perception Permission to reprint the abstract has not been received from the publisher. This paper uses data from the National Longitudinal Survey, cohort 1979 (NLSY79) to examine the differences in financial market participation among native-born Americans and immigrant investors. This study also investigates whether individual risk tolerance affects financial asset ownership of native-born and immigrant investors in the United States. The results indicate that, compared to natives, immigrant Americans are less likely to own financial assets such as stocks or mutual funds and that the likelihood of financial asset ownership increases with income and educational attainment for immigrants and natives alike. Immigrants also lag behind the Native-born Americans in homeownership and in having bank accounts. Results suggest that financial market participation among immigrants increases as their time in the United States increases, and that risk tolerance is a positive predictor of financial market participation for both nativeborn and immigrant Americans. [ABSTRACT FROM AUTHOR]
	Bibliography Citation Chatterjee, Swarnankur. "Individual Stockownership in the United States: Native-Immigrant Gap and the Role of Risk Tolerance." International Research Journal of Finance and Economics 28 (June 2009): 160-168.

4.	Chatterjee, Swarnankur Finke, Michael S. Harness, Nathaniel J.
4.	Individual Wealth Management: Does Self-esteem Matter? Journal of Applied Business and Economics 10,2 (2009): 1-14. Also: http://works.bepress.com/swarn_chatterjee/3/ Cohort(s): NLSY79 Publisher: North American Business Press Keyword(s): Assets; Risk-Taking; Rosenberg Self-Esteem Scale (RSES) (see Self-Esteem); Self-Esteem; Wealth Permission to reprint the abstract has not been received from the publisher. Self-esteem measures confidence in one's abilities. Prior literature has shown that higher self-esteem can also affect individual financial decision making through an increased willingness to invest in risky assets and motivation to enhance self image through wealth accumulation. However, self-esteem can also lead to wealth-destroying investment behaviors due to overconfidence and an unwillingness to accept inevitable losses. Using the Rosenberg Self-esteem Scale included in the National Longitudinal Survey of Youth, we model wealth and portfolio allocation as a function of self-esteem, socioeconomic and demographic variables. Self-esteem is positively associated with an increase in net worth between 1994 and 2004, and with the proportion of a household portfolio held in investment assets. This study adds to the literature on psychological determinants of optimal household portfolio allocation by providing evidence that the positive effects of self-esteem outweigh the negative financial behaviors identified in prior literature.
	Bibliography Citation Chatterjee, Swarnankur, Michael S. Finke and Nathaniel J. Harness. "Individual Wealth Management: Does Self-esteem Matter?" Journal of Applied Business and Economics 10,2 (2009): 1-14.

5.	Chatterjee, Swarnankur Finke, Michael S. Harness, Nathaniel J.
5.	The Impact of Self-Efficacy on Wealth Accumulation and Portfolio Choice Applied Economics Letters 18,7 (2011): 627-631. Also: http://www.tandfonline.com/doi/abs/10.1080/13504851003761830 Cohort(s): NLSY79 Publisher: Routledge ==> Taylor & Francis (1998) Keyword(s): Assets; Behavior; Demography; Financial Investments; Pearlin Mastery Scale; Self-Perception; Self-Regulation/Self-Control; Socioeconomic Factors; Wealth Self-efficacy is a psychological construct based on the evaluations of one's ability to accomplish certain behaviours or achieve certain outcomes (Bandura, 1977). Although self-efficacy has been linked to health, task accomplishment, greater socio-economic status and income (Seeman and Seeman, 1983; Stretcher et al., 1986; Gecas and Seff, 1990; Judge et al., 2002; Zagorsky, 2007), there has been no study that investigates whether self-efficacy is also a predictor of greater wealth creation over a specific period of time. Applying a theoretical framework based on self-efficacy, this article investigates household financial behaviours using the National Longitudinal Survey of Youth (NLSY79) data-set. For the purpose of this study, change in wealth across time and financial market participation is modelled as a function of socio-economic and demographic variables drawn from prior literature. Findings from this research reveal that self-efficacy is indeed a predictor of investment for financial assets and is also a predictor of wealth creation across time.
	Bibliography Citation Chatterjee, Swarnankur, Michael S. Finke and Nathaniel J. Harness. "The Impact of Self-Efficacy on Wealth Accumulation and Portfolio Choice." Applied Economics Letters 18,7 (2011): 627-631.

6.	Chatterjee, Swarnankur Nielsen, Robert B.
6.	Employer-Provided Health Insurance Coverage: A Comparison of Employed Native-born and Immigrant Americans Family and Consumer Sciences Research Journal 40,1 (September 2011): 15-27. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1552-3934.2011.02085.x/abstract Cohort(s): NLSY79 Publisher: Wiley Online Keyword(s): Benefits, Insurance; Employment; Immigrants; Insurance, Health; Job Tenure Permission to reprint the abstract has not been received from the publisher. This research examined differences in employer-based health insurance coverage among employed native-born Americans and immigrants using cross-sectional and panel data from the National Longitudinal Survey, cohort 1979 (NLSY79). Compared with native-born Americans, immigrants were 10.5% less likely to have employer-based health insurance when controlling for other social and economic characteristics. Income and educational attainment of immigrants along with length of stay were predictors of employer-based coverage. Occupational characteristics such as job tenure, full-time employment, and union membership were positively associated with having employer-based health insurance coverage.
	Bibliography Citation Chatterjee, Swarnankur and Robert B. Nielsen. "Employer-Provided Health Insurance Coverage: A Comparison of Employed Native-born and Immigrant Americans." Family and Consumer Sciences Research Journal 40,1 (September 2011): 15-27.

7.	Chatterjee, Swarnankur Zahirovic-Herbert, Velma
7.	A Road to Assimilation: Immigrants and Financial Markets Journal of Economics and Finance 38,2 (April 2014): 345-358. Also: http://link.springer.com/article/10.1007/s12197-011-9224-5 Cohort(s): NLSY79 Publisher: Springer Keyword(s): Assets; Financial Investments; Immigrants Permission to reprint the abstract has not been received from the publisher. This paper compares the financial market participation of immigrants and native-born Americans. Financial asset ownership is examined after controlling for the immigrants’ country of origin using a nationally representative National Longitudinal Survey (NLSY79) data set. The determinants of preference for financial asset ownership and the amount of financial equity held by households are estimated using a two-stage procedure. The results indicate that immigrants are less likely to own financial assets and more likely to have lower financial equity than native-born residents. Income uncertainty and risk tolerance of immigrants are associated with their preference for financial investments. Immigrants’ years of residence in the United States also increase their financial asset ownership. A discussion of the implications of these findings for policy makers, immigration researchers, and scholars of household savings behavior is also included.
	Bibliography Citation Chatterjee, Swarnankur and Velma Zahirovic-Herbert. "A Road to Assimilation: Immigrants and Financial Markets ." Journal of Economics and Finance 38,2 (April 2014): 345-358.

8.	Chatterjee, Swarnankur Zahirovic-Herbert, Velma
8.	Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth International Advances in Economic Research 17,2 (May 2011): 211-223. Also: http://www.springerlink.com/content/79ul86333263k7r6/ Cohort(s): NLSY79 Publisher: Springer Keyword(s): Age and Ageing; Home Ownership; Immigrants; Wealth Permission to reprint the abstract has not been received from the publisher. This paper examines the differences in homeownership between immigrants and native-born residents using the National Longitudinal Survey of Youth 1979 (NLSY79) data. We estimate the preference for homeownership and the amount of home equity held by households using a two-stage procedure. The results indicate that, although immigrants are less likely to be homeowners, immigrants who make the decision to own homes are more likely to have greater housing equity than native-born residents. About 66 to 70% of the disparity in homeownership can be explained by the difference in characteristics. The remaining disparity results from different homeownership functions estimated for the two groups. We discuss the implications of these findings for policy makers, real estate market researchers, and scholars of consumer behavior. [ABSTRACT FROM AUTHOR]
	Bibliography Citation Chatterjee, Swarnankur and Velma Zahirovic-Herbert. "Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth." International Advances in Economic Research 17,2 (May 2011): 211-223.

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