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The effects of a dedicated education savings account on children's college graduation
ARTICLE

, Columbia University School of Social Work, United States ; , University of North Carolina at Chapel Hill, United States

Economics of Education Review Volume 48, Number 1, ISSN 0272-7757 Publisher: Elsevier Ltd

Abstract

Emerging research in the asset-building field suggests economic resources in general are associated with positive educational outcomes. However, there is little empirical evidence specifically concerning the effects of parents holding a dedicated education savings account on their children's attainment of associate's and bachelor's degrees. There is a need for more replication studies to help confirm that the emerging evidence is accurate and applicable with different populations and under different situations. This study helps fill this research gap by using data from the National Longitudinal Survey of Youth 97. Data are analyzed using propensity score adjusted regression techniques. Results show if parents create a savings account earmarked for their children's education, the children are more likely to attain college degrees. These findings suggest that current asset-based policies and programs that encourage low- and moderate-income parents to create and hold education savings accounts can also serve as a policy strategy to help improve higher educational attainment of children from lower income households.

Citation

Nam, J. & Ansong, D. (2015). The effects of a dedicated education savings account on children's college graduation. Economics of Education Review, 48(1), 198-207. Elsevier Ltd. Retrieved May 24, 2020 from .

This record was imported from Economics of Education Review on March 1, 2019. Economics of Education Review is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/j.econedurev.2015.07.004

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