The immigrant/native wealth gap in Germany, Italy and Luxembourg

This paper analyses the existence of an immigrant/native wealth gap by using
household survey data for Luxembourg, Germany and Italy. The results show that, in
all three countries, a sizeable wealth gap exists between natives and immigrants.
Towards the upper tail of the wealth distribution the gap narrows to a small extent.
This gap persists even after controlling for demographic characteristics, country of
origin, cohort and age at migration although cross-country differences exist in the immigration penalty.