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Author: Ansong, David
Resulting in 3 citations.
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Nam, Jaehyun Ansong, David |
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Intergenerational Transmission of Economic Advantages and Disadvantages from the Asset Perspective Presented: Washington DC, Society for Social Work and Research Annual Conference, January 2018 Cohort(s): NLSY97 Publisher: Society for Social Work and Research (SSWR) Keyword(s): Assets; Intergenerational Patterns/Transmission; Mobility, Economic; Net Worth; Parental Influences Permission to reprint the abstract has not been received from the publisher. Background: This study contributes to the understanding of the intergenerational transmission of economic status from the assets perspective by focusing on how parents' net worth affects their children's future net worth. In addition, we examine the racial differences in the intergenerational transmission of net worth. Methods: This study uses data from the National Longitudinal Survey of Youth 1997, which contains information on net worth and assets of adult children and parents. Results: Results from the simple unconditional means (UCM) model suggest that adult children's net worth increases as they age. Conclusions and Implications: This study finds that parents' new worth is a strong indicator of children's future new worth, although racial heterogeneity in the wealth transmission exists. |
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Bibliography Citation
Nam, Jaehyun and David Ansong. "Intergenerational Transmission of Economic Advantages and Disadvantages from the Asset Perspective." Presented: Washington DC, Society for Social Work and Research Annual Conference, January 2018. |
| 2. |
Nam, Jaehyun Ansong, David |
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The Effects of a Dedicated Education Savings Account on Children's College Graduation Economics of Education Review 48 (October 2015): 198-207. Also: http://www.sciencedirect.com/science/article/pii/S0272775715000886 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): College Degree; Educational Attainment; Parental Investments; Propensity Scores; Savings Emerging research in the asset-building field suggests economic resources in general are associated with positive educational outcomes. However, there is little empirical evidence specifically concerning the effects of parents holding a dedicated education savings account on their children's attainment of associate's and bachelor's degrees. There is a need for more replication studies to help confirm that the emerging evidence is accurate and applicable with different populations and under different situations. This study helps fill this research gap by using data from the National Longitudinal Survey of Youth 97. Data are analyzed using propensity score adjusted regression techniques. Results show if parents create a savings account earmarked for their children's education, the children are more likely to attain college degrees. These findings suggest that current asset-based policies and programs that encourage low- and moderate-income parents to create and hold education savings accounts can also serve as a policy strategy to help improve higher educational attainment of children from lower income households. |
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Bibliography Citation
Nam, Jaehyun and David Ansong. "The Effects of a Dedicated Education Savings Account on Children's College Graduation." Economics of Education Review 48 (October 2015): 198-207.
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| 3. |
Nam, Jaehyun Ansong, David |
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The Impact of Parents' Savings on Their Childrens' Future Education Presented: New Orleans LA, Society for Social Work and Research Annual Conference, January 2015 Cohort(s): NLSY97 Publisher: Society for Social Work and Research (SSWR) Keyword(s): Educational Attainment; Net Worth; Parental Influences; Parental Investments; Savings Permission to reprint the abstract has not been received from the publisher. Results from the regression adjusted propensity matched estimates show that parents' savings for their children's education are statistically significant for a two year post-secondary associate graduation (TE=.21, p<.001) and a four year college graduation (TE=.22, p<.001). The results indicate that, compared to what would happen if parents had no savings for their children's future education, children whose parents saved are 21% and 22% more likely to have associate and college degrees, respectively. |
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Bibliography Citation
Nam, Jaehyun and David Ansong. "The Impact of Parents' Savings on Their Childrens' Future Education." Presented: New Orleans LA, Society for Social Work and Research Annual Conference, January 2015. |