This article develops the concept of forms of capital as the basis of a mod
el of immigrant incorporation. The model sets out the manner in which the s
ocial, financial, and human-cultural capital of immigrant families predict
the sorting of immigrants into various labour market trajectories. For exam
ple, immigrants arriving with low stocks of financial and human-cultural ca
pital are most likely to find employment in the ethnic economy, whereas imm
igrants with human-cultural capital that is fungible in the host society te
nd to gain employment in the broader mainstream economy. Event history anal
ysis is employed to demonstrate the model on four patterns of job mobility
common among immigrants: entrepreneurship, professional-managerial-technica
l jobs, employment in the public sector, and semi- or low-skilled factory w
ork and low-paid service jobs. The findings show that the mix of capital im
migrants arrive with. and subsequently accumulate. shapes the trajectory of
their incorporation into the host society. The research is based on a fiel
d study of Asian immigrants in the greater Los Angeles area.