| Abstract: | This study hypothesizes nativity differences in the process of wealth accumulation with regards to accumulation rates, dissaving rates, the role of human capital, saving intention for children, and structural barriers to wealth accumulation. Based on an analysis of the 1992 and 1993 panels of the Survey of Income and Program Particiation (SIPP), it reports four major findings. First, levels of net worth, life cycle patterns, and wealth components are primarily stratified by national origin and race‐ethnicity rather than by nativity. Second, when immigrants' adult years in the United States are taken into account, the life cycle pattern of wealth of the post‐1965 immigrants catches up with that of natives within 22 years of arrival and then overtakes natives. Third, the process of wealth accumulation is similar for immigrants and natives in all but two respects‐for immigrants, education is discounted and adult years in the United States matter. Lastly, spatial segregation has a uniform negative effect on wealth for both immigrants and natives. |
