THE COMPREHENSIVE WEALTH OF OLDER IMMIGRANTS AND NATIVES.

Research has pointed to notable differences between immigrants and the native-born in individual components of retirement resources. To compare the retirement preparation of older immigrants and natives, we calculate measures of comprehensive available resources and an annualized equivalent of comprehensive resources. We document large immigrant-native differences in median profiles of annualized wealth. We also examine how annualized wealth varies by immigrant arrival cohort and find that recent waves of immigrants are poorly situated. Finally, we use regression analysis to estimate the extent to which immigrant-native gaps in retirement resources are attributable either to differences in observable characteristics or to differences in returns to those characteristics. [ABSTRACT FROM AUTHOR]