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Savings of Young Parents

Author

Listed:
  • Annamaria Lusardi
  • Ricardo Cossa
  • Erin L. Krupka

Abstract

In this paper, we examine household savings using data from the National Longitudinal Survey, Cohort 1997. This data set provides detailed information about assets and liabilities of parents with teenage children. In our empirical work, we have to first deal with several problems in measuring wealth. Although many responding parents report owning assets and liabilities, they often do not report their values. To get around the nonresponse problem, we impute the missing values for assets and liabilities. To study the patterns of accumulation of young parents, we examine wealth holdings and asset ownership across several demographic groups.

Suggested Citation

  • Annamaria Lusardi & Ricardo Cossa & Erin L. Krupka, 2001. "Savings of Young Parents," Journal of Human Resources, University of Wisconsin Press, vol. 36(4), pages 762-794.
    • Handle: RePEc:uwp:jhriss:v:36:y:2001:i:4:p:762-794
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    Cited by:

    1. Annamaria Lusardi & Olivia S. Mitchell & Vilsa Curto, 2009. "Financial Literacy among the Young: Evidence and Implications for Consumer Policy," CeRP Working Papers 91, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    2. Grinstein-Weiss, Michal & Hun Yeo, Yeong & Zhan, Min & Charles, Pajarita, 2008. "Asset holding and net worth among households with children: Differences by household type," Children and Youth Services Review, Elsevier, vol. 30(1), pages 62-78, January.
    3. Grinstein-Weiss, Michal & Wagner, Kristen & Ssewamala, Fred M., 2006. "Saving and asset accumulation among low-income families with children in IDAs," Children and Youth Services Review, Elsevier, vol. 28(2), pages 193-211, February.
    4. Raj Aman & Nayak Santosh Kumar & Kumbhar Rathi Kanta, 2025. "Empowering Financial Well-Being through Financial Literacy: A Comparative Analysis of Welfare Recipients and Non-Recipients in Gaya District, Bihar," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 18(2), pages 220-233.
    5. Mason, Lisa Reyes & Nam, Yunju & Clancy, Margaret & Kim, Youngmi & Loke, Vernon, 2010. "Child Development Accounts and saving for children's future: Do financial incentives matter?," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1570-1576, November.
    6. Steven J. Davis & Felix Kubler & Paul Willen, 2006. "Borrowing Costs and the Demand for Equity over the Life Cycle," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 348-362, May.
    7. Annamaria Lusardi, 2003. "The Impact of Financial Education on Savings and Asset," Working Papers wp061, University of Michigan, Michigan Retirement Research Center.
    8. Nicole Kapelle & Sergi Vidal, 2020. "Diversity in Family Life Course Patterns and Intra-Cohort Wealth Disparities in Late Working Age," SOEPpapers on Multidisciplinary Panel Data Research 1092, DIW Berlin, The German Socio-Economic Panel (SOEP).
    9. Nicole Kapelle & Sergi Vidal, 2022. "Heterogeneity in Family Life Course Patterns and Intra-Cohort Wealth Disparities in Late Working Age," European Journal of Population, Springer;European Association for Population Studies, vol. 38(1), pages 59-92, March.
    10. Leung, Charles, 2004. "Macroeconomics and housing: a review of the literature," Journal of Housing Economics, Elsevier, vol. 13(4), pages 249-267, December.
    11. Nicole Kapelle & Carla Rowold, 2025. "Uncovering what matters: Family life-course aspects and personal wealth in late working age," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 52(22), pages 689-740.

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