How do Immigrants Fare in Retirement?

TitleHow do Immigrants Fare in Retirement?
Publication TypeReport
Year of Publication2007
AuthorsSevak, P, Schmidt, L
InstitutionThe University of Michigan, Michigan Retirement Research Center
Call Numbernewpubs20080229_wp169.pdf
KeywordsDemographics, Net Worth and Assets, Pensions, Social Security
Abstract

Existing literature suggests that immigrants receive lower wages than U.S.-born workers with similar characteristics. This could imply that immigrant households would enter retirement at a significant financial disadvantage. In this paper, we examine the retirement resources available to immigrant families by examining Social Security benefits, pension coverage, and private wealth accumulation. Our results suggest that although immigrant families may be financially better-off in the U.S. than in their native countries, they do enter retirement at a significant financial disadvantage relative to native born households with similar characteristics.

URLhttp://www.mrrc.isr.umich.edu/publications/papers/
Endnote Keywords

Immigrants/Retirement Wealth/Social Security/Pensions

Endnote ID

18380

Citation Key5690