confianza_savings_retirement.pdf (1.32 MB)
Confianza, Savings, and Retirement: A Study of Mexican Immigrants
report
posted on 2016-12-15, 00:00 authored by Erin Jelm, Joelle Saad-Lesser, Karen Richman, Roger Knight, Teresa GhilarducciInterdisciplinary study integrating cultural anthropology and economics. Analyzes results from 2009-2010 ethnographic research in the Chicago metropolitan area and statistical analyses of the Current Population Survey, the Chicago-Area Survey, and Immigration and Intergenerational Mobility in Metropolitan Los Angeles Survey. Key findings include immigrants' collectivist investments in social networks substitute for retirement savings; their descendants invest less in collectivist networks but neither can they save enough for retirement. Provides recommendations for financial and public policy makers to help immigrants and low-wealth populations better prepare for a secure retirement.
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Date Created
2012-02-01Date Modified
2016-12-15Language
- English
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