Research & Analysis by Lucie Schmidt
This article compares the retirement preparations of immigrant and native-born Americans aged 51 or older. The authors estimate the present value of future income streams in calculating measures of comprehensive wealth and an annualized equivalent. In addition to some significant differences in median annualized wealth between immigrants and natives, the authors find that the most recent waves of immigrants are more financially vulnerable in retirement than earlier immigration cohorts were at similar ages. With a decomposition analysis, the authors estimate how much of the immigrant-native wealth gap is attributable to differences in observable characteristics.
In this article, the authors examine the relationship between prevailing economic conditions and the likelihood of application for Supplemental Security Income (SSI) payments by jobless adults with disabilities. Using data for 1996–2010 from the Survey of Income and Program Participation linked to Social Security administrative records, the authors observe samples of jobless individuals and examine the state-level unemployment rates at both the time their unemployment spell began and at the time they applied for SSI.
In this article, the authors use the Health and Retirement Study to compare retirement resources of the foreign born with those of the native born. They find that immigrants have significantly lower Social Security benefit levels than natives; however, after controlling for demographic characteristics immigrants have higher levels of net worth. The immigrant/native differential in retirement resources varies systematically by number of years in the United States.