This paper has two main goals. First, we provide a review of 38 studies on the relationship between assets and children’s educational attainment. Second, we discuss implications for Child Development Accounts (CDAs) policies. CDAs have been proposed as a potentially novel and promising asset...

Current income is usually insufficient to cover college costs in most families, who believe that they must save for college for their children. Furthermore, effects of household savings and asset holding may extend beyond financial security and affect long-term development of children through...

In this paper, we examine the relationship between children’s small-dollar savings accounts and college enrollment and graduation. We find that LMI children may be more likely to enroll in and graduate from college when they have small-dollar savings accounts with money designated for school. An...