Educational–Occupational Mismatch, Race/Ethnicity, and Immigrant Wealth Attainment

Abstract

This paper uses wealth attainment as an indicator of economic integration and assesses how educational–occupational mismatch (i.e., over/underqualification) and race/ethnicity affect the wealth attainment of a sample of legal permanent residents in the USA. Using data from the New Immigrant Survey, this paper finds that overqualification is positively associated with wealth attainment, but below the rate for adequately qualified workers in the same occupation. Underqualified immigrants are associated with a pattern of wealth attainment that is equivalent to the adequately qualified. Racial/ethnic wealth inequality among legal permanent residents generally reflects the well-documented pattern among the U.S. native-born. This paper concludes with a discussion that places these results alongside previous research that examines the relationship between educational–occupational mismatch and income among immigrants.