PDF(Pubmed)
Abstract：
Financial asset ownership is important for a large number of scholarly and practical reasons including for understanding saving propensities, risk taking, personal financial strategies, inequality, the flow of funds across national borders, and organizational marketing strategies. Yet we know little about group differences in approaches to owning various financial instruments. Chinese and Indian immigrants to the United States are large, growing, and diverse groups who are rapidly beginning to comprise a large portion of the U.S. population and whose unique financial asset ownership patterns offer insight into the factors that contribute to cross-group differences in this important behavior. The article studies how members of these two important groups own particular assets. Use data from the U.S. Census Bureau\'s Survey of Income and Program Participation (SIPP) and find that, Chinese and Indian immigrants do, indeed, exhibit unique asset ownership patterns when they are compared to native whites, African Americans, and other immigrants. Their ownership of stocks and mutual funds, interest-earning bank accounts, retirement accounts and whole life insurance. My findings demonstrate that age, tenure in the United States, education, and family traits are important meditating in the relationship between country of birth and financial asset ownership.
摘要：
金融资产所有权对于许多学术和实践原因很重要，包括理解储蓄倾向，冒险,个人理财策略,不平等,资金的跨国流动，和组织营销策略。然而，我们对拥有各种金融工具的方法的群体差异知之甚少。中国和印度移民到美国的人数很多，成长,anddiversegroupswhoarerapidlybeginningtocomprisealargeportionoftheUSpopulationandwhoseuniquefinancialassetownershippatternsoffersinsightintothefactorsthatcontributecross-groupdifferencesinthisimportantbehavior.本文研究了这两个重要群体的成员如何拥有特定的资产。使用美国人口普查局的收入和项目参与调查(SIPP)的数据，中国和印度移民，的确,当与本土白人相比时，表现出独特的资产所有权模式，非洲裔美国人,和其他移民。他们对股票和共同基金的所有权，生息银行账户，退休账户和终身人寿保险。我的发现表明年龄，在美国的任期,教育,家庭特征是出生国与金融资产所有权关系的重要思考。
