This study is a test of two theoretical models linking parental economic resources to children's post-secondary education, short-term borrowing constraints, and long-term family background. A series of structural equation models (SEM) is tested using data from a sample of young adults...

This study investigates (1) the effects of parental assets on children's educational attainment from high school completion to college degree attainment, and (2) mediating roles played by parental involvement, child's educational expectations, and child's self-esteem. The study sample...

This study examines savings outcomes and the role of financial incentives in a community-based, asset-building program for low- and moderate-income children. Data are from the first large-scale demonstration of Child Development Accounts (CDAs) in the United States. Two savings outcomes are...

Although there is no universal approach to offering Child Development Accounts (CDAs), this paper introduces a framework for an age-based conceptual model that describes how such accounts might influence indicators of child well-being. With a focus on optimal age-appropriate development...

We investigate the roles of parents' economic resources in children's educational attainment with special attention to assets. Using data from the Panel Study of Income Dynamics, we find that parents' liquid assets have significantly positive associations with years of schooling, high school...

The potential relevance of households' asset ownership in promoting academic success of children has spurred empirical investigation into the relationship between assets and academic performance. However, current research has mostly ignored the diverse pathways by which asset ownership may be...

This study examines the extent to which household assets and liabilities are related to disparities in children's college attendance and college graduation among White, Black, and Hispanic families. Results indicate that, after household assets are considered, a substantial portion of the...