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Wealth in the United States rose and fell precipitously during the first decade of this century for all major ethnic … groups, but the fluctuations in Hispanic wealth were especially extreme. We show that household characteristics and location … sellers in this market, to a loss in wealth far greater than could be predicted based on household characteristics and …
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SIPP data are used to analyze the wealth of the U.S. foreign-born population. We find that the median wealth level of U ….S.-born couples is 2.3 times the median of foreign-born couples, while the median wealth level of U.S.-born singles is three times … that of foreign-born singles. Further, there is a great deal of diversity in wealth within the immigrant population …
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difference between the rich and the rest of the population: portfolios of the rich are heavily skewed toward risky assets … imperfections imply that entreprenurial investment will yield high average returns The final possibility is that wealth enters … utility of anticipated bequests) implying that risk aversion declines as wealth rises The paper concludes that the overall …
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card behavior. Utilization rates of credit lines and portfolios of card holders present several puzzles. Credit line …
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