Osili, Una Okonkwo; Paulson, Anna - Federal Reserve Bank of Chicago - 2006
We find that wealthier and more educated immigrants are more likely to make use of basic banking services and other … formal financial services. Holding these (and other) factors constant, we find immigrants from countries with more effective … explain approximately 17 percent of the country-of- origin-level variation in bank account usage among immigrants in the U …