Skip to main content

Table 8 Fixed-effects estimates of the log net value of various components of net wealth by wealth quartiles in 2006

From: The impact of the recession on the wealth of older immigrant and native households in the United States

Key regressors

Net total wealth

Financial wealth

Primary home

Coefficient (Robust S.E.)

F-stat

Coefficient (Robust S.E.)

F-stat

Coefficient (Robust S.E.)

F-stat

Households in the Bottom Wealth Quartiles in 2006

Post-Recession

0.083

 

−0.262

 

0.305**

 
 

(0.121)

 

(0.268)

 

(0.122)

 

Post*Migrant HH

0.299

1.01

0.012

0.49

0.519*

4.35***

 

(0.238)

(0.399)

(0.296)

Post*Mixed HH

0.006

0.24

0.325

0.68

0.275

4.31***

 

(0.255)

(0.568)

(0.207)

N

2,117

 

1,178

 

1,545

 

Households in the Middle Wealth Quartiles in 2006

Post-Recession

−0.280***

 

−0.073

 

−0.206***

 
 

(0.041)

 

(0.099)

 

(0.035)

 

Post*Migrant HH

−0.029

24.08***

0.067

0.33

−0.081

17.68***

 

(0.091)

(0.239)

(0.073)

Post*Mixed HH

−0.230***

27.65***

−0.367*

2.15

−0.164**

21.21***

 

(0.083)

(0.191)

(0.064)

N

4,878

 

4,110

 

4,628

 

Households in the Top Wealth Quartiles in 2006

Post-Recession

−0.569***

 

−0.507***

 

−0.319***

 
 

(0.059)

 

(0.141)

 

(0.052)

 

Post*Migrant HH

−0.021

47.48***

0.099

6.49***

−0.083

20.89***

 

(0.162)

(0.283)

(0.127)

Post*Mixed HH

−0.054

47.58***

0.281

6.87***

0.001

19.04***

 

(0.098)

(0.206)

(0.068)

N

2,675

 

2,552

 

2,534

 
  1. Notes: The regressions include a constant term as well as the same regressors included in Table 4. * indicates significance at the 10% level, *** indicates significance at the 1% level. Standard errors are robust.