Abstract
Immigrants who ultimately attain U.S. lawful permanent residence (LPR) enter with various initial legal statuses, which stratify their access to resources and have great implications for their economic integration. This study examines how initial legal status affects LPRs’ asset building by investigating three types of financial assets – bank account ownership, investment account ownership, and retirement account ownership. Results reveal that initial legal status stratifies immigrants’ subsequent asset building – those with more institutional resources perform better in accruing assets. Findings provide unique insights into immigrant asset building and highlight postmigration resources, especially institutional-level ones, as facilitators in the process.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
