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Taking stock of ten years of research on the relationship between assets and children's educational outcomes: Implications for theory, policy and intervention

Author

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  • Elliott, William
  • Destin, Mesmin
  • Friedline, Terri

Abstract

This paper has two main goals. First, we provide a review of 34 studies on the relationship between assets and children's educational attainment. Second, we discuss implications for Child Development Accounts (CDAs) policies. CDAs have been proposed as a potentially novel and promising asset approach for helping to finance college. More specifically, we propose that CDAs should be designed so that, in addition to promoting savings, they include aspects that help make children's college-bound identity salient, congruent with children's group identity, and that help children develop strategies for overcoming difficulties.

Suggested Citation

  • Elliott, William & Destin, Mesmin & Friedline, Terri, 2011. "Taking stock of ten years of research on the relationship between assets and children's educational outcomes: Implications for theory, policy and intervention," Children and Youth Services Review, Elsevier, vol. 33(11), pages 2312-2328.
  • Handle: RePEc:eee:cysrev:v:33:y:2011:i:11:p:2312-2328
    DOI: 10.1016/j.childyouth.2011.08.001
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    References listed on IDEAS

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    1. Yunju Nam, 2008. "Welfare Reform and Asset Accumulation: Asset Limit Changes, Financial Assets, and Vehicle Ownership," Social Science Quarterly, Southwestern Social Science Association, vol. 89(1), pages 133-154, March.
    2. Belk, Russell W, 1988. " Possessions and the Extended Self," Journal of Consumer Research, Oxford University Press, vol. 15(2), pages 139-168, September.
    3. Zhan, Min & Sherraden, Michael, 2011. "Assets and liabilities, educational expectations, and children's college degree attainment," Children and Youth Services Review, Elsevier, vol. 33(6), pages 846-854, June.
    4. William Elliott & Hyunzee Jung & Terri Friedline, 2010. "Math Achievement and Children’s Savings: Implications for Child Development Accounts," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 171-184, June.
    5. Zhan, Min, 2006. "Assets, parental expectations and involvement, and children's educational performance," Children and Youth Services Review, Elsevier, vol. 28(8), pages 961-975, August.
    6. Powers, Elizabeth T., 1998. "Does means-testing welfare discourage saving? evidence from a change in AFDC policy in the United States," Journal of Public Economics, Elsevier, vol. 68(1), pages 33-53, April.
    7. Elliott, William & Sherraden, Margaret & Johnson, Lissa & Guo, Baorong, 2010. "Young children's perceptions of college and saving: Potential role of Child Development Accounts," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1577-1584, November.
    8. Elliott, William & Kim, Kevin & Jung, Hyunzee & Zhan, Min, 2010. "Asset holding and educational attainment among African American youth," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1497-1507, November.
    9. Cramer, Reid, 2010. "The big lift: Federal policy efforts to create Child Development Accounts," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1538-1543, November.
    10. Huang, Jin & Guo, Baorong & Kim, Youngmi & Sherraden, Michael, 2010. "Parental income, assets, borrowing constraints and children's post-secondary education," Children and Youth Services Review, Elsevier, vol. 32(4), pages 585-594, April.
    11. Elliott, William & Choi, Eun Hee & Destin, Mesmin & Kim, Kevin H., 2011. "The age old question, which comes first? A simultaneous test of children's savings and children's college-bound identity," Children and Youth Services Review, Elsevier, vol. 33(7), pages 1101-1111, July.
    12. Zhan, Min & Sherraden, Michael, 2011. "Assets and liabilities, race/ethnicity, and children's college education," Children and Youth Services Review, Elsevier, vol. 33(11), pages 2168-2175.
    13. Kim, Youngmi & Sherraden, Michael, 2011. "Do parental assets matter for children's educational attainment?: Evidence from mediation tests," Children and Youth Services Review, Elsevier, vol. 33(6), pages 969-979, June.
    14. Goldberg Jr, Fred T. & Friedman, Bob & Boshara, Ray, 2010. "CDA legislative challenges and opportunities," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1609-1616, November.
    15. Nam, Yunju & Huang, Jin, 2009. "Equal opportunity for all? Parental economic resources and children's educational attainment," Children and Youth Services Review, Elsevier, vol. 31(6), pages 625-634, June.
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