Publication Date
10-5-2009
Summary
This research examines relationships among household assets and liabilities, educational expectations of children and parents, and children’s college degree attainment. Special attention is paid to influences of different asset types (financial vs. nonfinancial assets) and liabilities (secured vs. unsecured debt). Results indicate that, after controlling for family income and other parent/child characteristics, financial and nonfinancial assets are positively related to, and unsecured debt is negatively related to, children’s college completion. Furthermore, there is evidence that financial assets are positively associated with the education expectations of parents and children. Policy directions are suggested.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Zhan, M., & Sherraden, M. (2009). Assets and liabilities, educational expectations, and children's college degree attainment (CSD Working Paper No. 09-60). St. Louis, MO: Washington University, Center for Social Development.
Project
College Success
Keywords
educational expectations, academic achievement, academic expectation, college enrollment, college expectations, assets, college degree attainment, liabilities
Recommended Citation
Zhan, M., & Sherraden, M. (2009). Assets and liabilities, educational expectations, and children's college degree attainment (CSD Working Paper No. 09-60). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7Z037QC
Notes
Subsequent publication: Zhan, M., & Sherraden, M. (2011). Assets and liabilities, educational expectations, and children’s college degree attainment. Children & Youth Services Review, 33(6), 846–854. doi:10.1016/j.childyouth.2010.12.006