The age old question, which comes first? A simultaneous test of children's savings and children's college-bound identity
This study has three goals: (1) to provide an extensive review of research on the assets/expectation relationship, (2) to provide a conceptual framework for how children's savings effects children's college-bound identity (children's college expectations are a proxy for children's college-bound identity), and (3) to conduct a simultaneous test of whether owning a savings account leads to college-bound identity or college-bound identity lead to owning a savings account using path analytic technique with Structural Equation Modeling (SEM). Our review reveals asset researchers theorize about college-bound identity in two distinct but compatible ways: college-bound identity as a "linking mechanism", and college-bound identity as a mediator. However, there has been little theoretical development on the attitudinal effects of assets. In this study, we posit a conceptual framework for how children's savings affects children's college-bound identity. Findings from the simultaneous test of the assets/college-bound identity relationship suggest that savings has modest effect on college-bound identity and vice versa. A policy implication is that asset building policies that seek to build children's college-bound identity in addition to their savings may be more effective than policies that only seek to build children's savings.
Year of publication: |
2011
|
---|---|
Authors: | Elliott, William ; Choi, Eun Hee ; Destin, Mesmin ; Kim, Kevin H. |
Published in: |
Children and Youth Services Review. - Elsevier, ISSN 0190-7409. - Vol. 33.2011, 7, p. 1101-1111
|
Publisher: |
Elsevier |
Keywords: | Assets College attendance Savings Child Development Accounts (CDAs) College expectations PSID |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Elliott, William, (2011)
-
A Medical Paradigm Shift and Cooperation between Korea and China in the Medical Service Industry
Choi, Eun Hee, (2022)
-
The Transition to the Service Economy and Development Strategies for Regional Service Industries
Kim, C.K, (2022)
- More ...