Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia
This study investigates wealth disparities between native and immigrant populations in Estonia and Latvia, focusing on individuals aged 60 years or older as the vast majority of immigrants in the Baltic region fall within this age group. We estimate the wealth differences between natives and immigra...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-07-01
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| Series: | Baltic Journal of Economics |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/1406099X.2024.2395671 |
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| author | Liina Rebane Merike Kukk Tairi Rõõm |
| author_facet | Liina Rebane Merike Kukk Tairi Rõõm |
| author_sort | Liina Rebane |
| collection | DOAJ |
| description | This study investigates wealth disparities between native and immigrant populations in Estonia and Latvia, focusing on individuals aged 60 years or older as the vast majority of immigrants in the Baltic region fall within this age group. We estimate the wealth differences between natives and immigrants across the wealth distribution and decompose the raw gap into its explained and unexplained parts. Our estimations show that the gaps in mean net wealth are of similar magnitude in Estonia and Latvia among the people aged 60 or older, with natives being on average about 40% wealthier than immigrants in both countries. Wealth disparities widen at the upper tail of the net wealth distribution. Although the factors contributing to the wealth gap are largely similar in both countries, some differences emerge. In Estonia, self-employment business assets and inheritances play a significant role, whereas in Latvia, additional real estate ownership contributes to the disparity. |
| format | Article |
| id | doaj-art-3da056fd8a7e4cfe919baf6bae16fd01 |
| institution | DOAJ |
| issn | 1406-099X 2334-4385 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Baltic Journal of Economics |
| spelling | doaj-art-3da056fd8a7e4cfe919baf6bae16fd012025-08-20T02:50:56ZengTaylor & Francis GroupBaltic Journal of Economics1406-099X2334-43852024-07-0124220323810.1080/1406099X.2024.2395671Wealth disparities between elderly immigrants and natives: a study of Estonia and LatviaLiina Rebane0Merike Kukk1Tairi Rõõm2Department of Economics and Finance, Tallinn University of Technology, Tallinn, EstoniaDepartment of Economics and Finance, Tallinn University of Technology, Tallinn, EstoniaDepartment of Economics and Finance, Tallinn University of Technology, Tallinn, EstoniaThis study investigates wealth disparities between native and immigrant populations in Estonia and Latvia, focusing on individuals aged 60 years or older as the vast majority of immigrants in the Baltic region fall within this age group. We estimate the wealth differences between natives and immigrants across the wealth distribution and decompose the raw gap into its explained and unexplained parts. Our estimations show that the gaps in mean net wealth are of similar magnitude in Estonia and Latvia among the people aged 60 or older, with natives being on average about 40% wealthier than immigrants in both countries. Wealth disparities widen at the upper tail of the net wealth distribution. Although the factors contributing to the wealth gap are largely similar in both countries, some differences emerge. In Estonia, self-employment business assets and inheritances play a significant role, whereas in Latvia, additional real estate ownership contributes to the disparity.https://www.tandfonline.com/doi/10.1080/1406099X.2024.2395671Household wealthnativity gapinequalityimmigrationEstoniaLatvia |
| spellingShingle | Liina Rebane Merike Kukk Tairi Rõõm Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia Baltic Journal of Economics Household wealth nativity gap inequality immigration Estonia Latvia |
| title | Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia |
| title_full | Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia |
| title_fullStr | Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia |
| title_full_unstemmed | Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia |
| title_short | Wealth disparities between elderly immigrants and natives: a study of Estonia and Latvia |
| title_sort | wealth disparities between elderly immigrants and natives a study of estonia and latvia |
| topic | Household wealth nativity gap inequality immigration Estonia Latvia |
| url | https://www.tandfonline.com/doi/10.1080/1406099X.2024.2395671 |
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