Panel A – Dependent variable: likelihood of owning various components of financial wealth | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
 | Financial wealth in: | |||||||||||
Key regressors | Financial wealth | Stocks, mutual funds, investment trusts | Checking, savings, money market | CDs, saving bonds, T-bills | Bonds, bond funds, other savings | Non-housing financial debt | ||||||
Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | |
Post-Recession | −0.019 |  | −0.046*** |  | −0.029** |  | −0.067*** |  | −0.007 |  | 0.016 |  |
 | (0.015) |  | (0.016) |  | (0.013) |  | (0.017) |  | (0.017) |  | (0.017) |  |
Post*Migrant HH | −0.049 | 1.78 | 0.014 | 4.13** | −0.069** | 5.53*** | 0.006 | 7.77*** | −0.004 | 0.10 | −0.038 | 0.93 |
 | (0.036) | (0.028) | (0.030) | (0.027) | (0.031) | (0.036) | ||||||
Post*Mixed HH | −0.038 | 1.80 | 0.019 | 4.20** | −0.046** | 4.54*** | −0.013 | 8.14*** | 0.006 | 0.11 | −0.033 | 0.99 |
 | (0.027) | (0.027) | (0.024) | (0.026) | (0.027) | (0.031) | ||||||
N | 9,933 | Â | 9,933 | Â | 9,933 | Â | 9,933 | Â | 9,933 | Â | 9,933 | Â |
Dep. Var. Mean | 0.777 | Â | 0.314 | Â | 0.873 | Â | 0.254 | Â | 0.241 | Â | 0.321 | Â |
Panel B – Dependent variable: likelihood of owning various components of net total wealth | ||||||||||||
 | Financial wealth in: | |||||||||||
 | Primary home | Secondary home | Other real estate | Businesses | Vehicles | IRAs/Keogh plans | ||||||
 | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat |
Post-Recession | −0.028*** |  | −0.005 |  | −0.028** |  | 0.001 |  | −0.031 |  | −0.030** |  |
 | (0.009) |  | (0.008) |  | (0.013) |  | (0.011) |  | (0.009) |  | (0.015) |  |
Post*Migrant HH | −0.009 | 5.55*** | −0.005 | 0.22 | −0.018 | 2.75* | −0.017 | 0.39 | −0.045* | 8.34*** | 0.038 | 2.98** |
 | (0.021) | (0.015) | (0.024) | (0.020) | (0.023) | (0.030) | ||||||
Post*Mixed HH | 0.004 | 5.53*** | 0.012 | 0.44 | 0.022 | 2.82* | 0.015 | 0.27 | −0.001 | 6.16*** | 0.035 | 2.91* |
 | (0.013) | (0.016) | (0.020) | (0.020) | (0.015) | (0.026) | ||||||
N | 9,907 | 9,933 | 9,933 | 9,933 | 9,933 | 9,933 | ||||||
Dep. Var. Mean | 0.896 | 0.058 | 0.175 | 0.142 | 0.942 | 0.479 |