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This article develops the concept of forms of capital as the basis of a model of immigrant incorporation. The model sets out the manner in which the social, financial, and human-cultural capital of immigrant families predict the sorting of immigrants into various labour market trajectories. For example, immigrants arriving with low stocks of financial and human-cultural capital are most likely to find employment in the ethnic economy, whereas immigrants with human-cultural capital that is fungible in the host society tend to gain employment in the broader mainstream economy. Event history analysis is employed to demonstrate the model on four patterns of job mobility common among immigrants: entrepreneurship, professional-managerial-technical jobs, employment in the public sector, and semi- or low-skilled factory work and low-paid service jobs. The findings show that the mix of capital immigrants arrive with, and …