Contributions of qualitative research to understanding savings for children and youth

Margaret Sherraden, Clark Peters, Kristen Wagner, Baorong Guo and Margaret Clancy

Economics of Education Review, 2013, vol. 32, issue C, 66-77

Abstract: This paper explores contributions of qualitative research to saving theory for children, youth, and parents in children's development account (CDAs) programs. It brings together findings from three studies: (1) elementary school age children saving for college, (2) youth transitioning from foster care saving for education and other purposes, and (3) mothers saving for their toddlers’ future college. Findings suggest that children, youth, and parents find CDAs helpful in accumulating savings. CDAs motivate and facilitate saving in ways that reflect developmental stages. Accumulating savings has positive economic and psychological meaning for CDA participants. CDAs overcome some obstacles in saving for the three groups, but other barriers remain, especially income flows, debt, and emergencies.

Keywords: Saving; Education; College; Child Development Accounts (CDAs); Child Savings Accounts; Foster youth; Qualitative methods (search for similar items in EconPapers)
JEL-codes: G02 I25 I31 I38 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:32:y:2013:i:c:p:66-77

DOI: 10.1016/j.econedurev.2012.09.006

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