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Source: International Research Journal of Finance and Economics
Resulting in 1 citation.
1. 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.
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.