A simultaneous test of children's savings and children's college-bound identity
William Elliott III, Eun Hee Choi, Mesmin Destin, Kevin H. Kim
This study posits 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 effects 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.
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