Immigrant and native financial well-being: The roles of place of education and race/ethnicity

Immigrants' integration into U.S. society has occupied the interest of both scholars and the general public throughout the nation's history. This paper draws on and refines dominance-differentiation theory to explore how immigrants' place of education (whether they completed their education in the United States or abroad) and racial/ethnic status differentially affect their ability to integrate into U.S. society. Using the Survey of Income and Program Participation and wealth attainment as an indicator of economic integration, this paper finds mixed evidence for dominance-differentiation theory. Foreign education is associated with lower wealth attainment and race/ethnicity serves as an important stratifying factor for blacks and Latinos; however, there is little support for the theory when comparing the wealth attainment of immigrants with their same-race/co-ethnic native-born peers. This paper concludes with a discussion of why place of education matters for wealth attainment in the United States and explores its implications for both educational and racial/ethnic stratification among U.S. immigrants. (c) 2013 Elsevier Inc. All rights reserved.