Color Lines, Country Lines: Race, Immigration, and Wealth Stratification in America

Index

Index Tables and figures in bold. 307 African Americans business ownership by, 208–10 demographic characteristics of, 182–4 economic conditions compared to black immigrants, 211–2 effect of black-white segregation on, 263 homeownership among, 196–9 mortgages among, 201–3 negative home equity among, 199–200, 202–3 net worth, assets, and debts, distribution of, 191–4 other assets and debts held by, 203–8 portfolio allocation of, 194–6 wealth holding status of, 188–91 African countries, immigrants from sub-Saharan, 181, 186–8. See also black immigrants age homeownership and, 101–3, 106–7 net worth percentile distribution by, 62–63 wealth holding status by, 58–59 See also life cycle patterns Alba, Richard, 20, 22, 214 Asian immigrants Asian Americans and, comparison of, 136–7, 149, 151–2, 154–5, 158–63, 165–8, 170, 172, 174, 176–9 assets and debts among, 134–5, 176–9 business ownership by, 125, 173–5 consumer debt of, 171–2 country of origin and demographic differences among, 135–47 cross-border asset ownership by, 175–6 economic prospects of, 278–9 growth rate of, 134 homeownership among, 156–60 Latino immigrants and, comparison of, 134 life cycle patterns of net worth for, 69 life insurance held by, 169–71 liquid financial assets held by, 165–7 mortgages among, 162–5 native whites and, comparison of, 136–7, 149, 151–2, 154–5, 158–63, 165–8, 170, 172, 174, 176–9 negative home equity among, 160–2 net worth, assets, and debts among, 150–3 portfolio allocation of, 153–6 relative inequality theory’s predictive accuracy for, 18 retirement accounts held by, 167–9 wealth attainment by (see wealth accumulation /attainment) wealth holding status of, 147–50 See also names of countries asset-generated income, 29 asset poverty, 55, 89, 91 assets and debts among Asian immigrants, 134–5, 176–9 among black immigrants, 180–2, 210–2 among Latino immigrants, 79–80, 130–3 (see also Latino Immigrants) attitudes towards debt, wealth accumulation and, 30 consumer debt (see consumer debt) cross-border asset ownership (see cross-border asset ownership) homeownership (see homeownership ) life insurance (see life insurance) liquid financial assets (see liquid financial assets) mortgages (see mortgages) net worth, as components of (see net worth, assets, and debts) retirement accounts (see retirement accounts) secured and unsecured debt, 30, 95–96 SIPP data on, 53 assimilation classical theory of, 19–20 importance of, 2 new theory of, 22–23 segmented theory of, 21–22 theories of, 2, 275 theory of as modified by wealth theory, 40–42 transnationalism/cultural pluralism , 20–21, 31–32, 37–40 wealth attainment and (see wealth accumulation/attainment) bank accounts, interest- and noninterest -earning. See liquid financial assets black immigrants African Americans and, comparison of, 183–4, 189–90, 192–3, 195, 197–209, 210–2 assets and debts among, 180–2, 210–2 business ownership by, 208–10 country of origin and demographic differences among, 182–8 cross-border asset ownership by, 210 economic prospects of, 278–9 homeownership among, 196–9 life cycle patterns of net worth for, 68 mortgages among, 201–3 native whites and, comparison of, 183–4, 189, 190, 192–3, 195, 197–209, 210–2 negative home equity among, 199–200, 202–3 net worth, assets, and debts among, 191–4 other assets and debts held by, 203–8 portfolio allocation of, 194–6 wealth holding status of, 188–91 See also names of countries black-white segregation immigrant impact on, 23–24 motivation for and effect of, 250 (see also racial residential segregation) Bonacich, Edna, 179 Borjas, George, 14, 18 Brides Act of 1946, 138 Bureau of Labor Statistics, 294n1 business equity, 99–100 business ownership by Asian immigrants, 125, 173–5 by black immigrants and African Americans, 208–10 by Latino immigrants, 124–6 Caribbean countries, immigrants from, 180–5. See also black immigrants Castro, Fidel, 86 chain migration of Colombians, 81 of Dominicans, 87 of Mexicans, 85 persistence of into the future, 270 308 Index process of, 19, 254–5 of Salvadorans, 83 Chami, Ralph, 127 Chicago School, 22 children, number of in immigrant families. See family structure China (Hong Kong and Taiwan). See Hong Kong and Taiwan China (mainland), 136, 138–40. See also Asian immigrants Chinese Exclusion Act of 1882, 138, 142 Chiswick, Barry, 20 classical assimilation theory, 19–20 Cody, Scott, 283 Colombia, 80–81, 83, 91...