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Assets and educational achievement: Theory and evidence
Institution:1. University of Kansas, School of Social Welfare, Assets and Education Initiative, Twente Hall, 1545 Lilac Lane, Room 309, Lawrence, KS 66045, USA;2. Center for Social Development, George Warren Brown School of Social Work, Washington University in St. Louis, USA;1. Institute of Marine Biochemistry, Vietnam Academy of Science and Technology (VAST), 18 Hoang Quoc Viet, Cau Giay, Hanoi, Vietnam;2. Graduate university of Science and Technology, VAST, 18 Hoang Quoc Viet, Cau Giay, Hanoi, Vietnam;3. Vietnam National Chemical Group, 1A Trang Tien, Hoan Kiem, Hanoi, Vietnam;4. Institute of Ecology and Biological Resources, VAST, 18 Hoang Quoc Viet, Cau Giay, Hanoi, Vietnam;1. Data and Analytics Section, Division of Policy and Strategy, UNICEF, New York, NY 10017, USA;2. Social Inclusion, Policy and Budgeting Section, Division of Policy and Strategy, UNICEF, New York, NY 10017, USA;3. State of the World''s Children Team, Division of Communication, UNICEF, New York, NY 10017, USA
Abstract:This special issue of Economics of Education Review explores the role of savings and asset holding in post-secondary educational achievement. Most college success research has focused on income rather than assets as a predictor, and most college financing policy has focused on tuition support and educational debt, rather than asset accumulation. Nevertheless, there is compelling evidence that household asset holdings, especially savings for education, may have a pronounced positive influence, independent from income, in post-secondary educational success. Moreover, the fundamental reality is that savings plays a role, even though sometimes small, in college financing for most households. For these empirical and practical reasons, it may be important to pay greater attention to savings and asset holding for education in the future than we have in the past. The articles in this volume contribute empirical evidence, theoretical understanding, and potential policy directions regarding saving, asset holding, and educational achievement.
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