Saving for Children’s College Education: An Empirical Analysis of the Trade-off Between the Quality and Quantity of Children

Yilmazer, Tansel

doi:10.1007/s10834-008-9105-z

Cited by 31 publications

(9 citation statements)

References 20 publications

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“…The odds of saving for children's education was found to be higher for those with fewer children (Yilmazer 2008), those with a higher education, and those who were Asian or Hispanic (Lee et al 1997). The findings of Xiao and Fan (2002) indicated that American households were more likely than Chinese households to report major purchases as a saving motive when household size increased.…”

Section: Demographic Characteristicsmentioning

confidence: 99%

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Effects of Age on Saving Motives of Chinese Urban Consumers

2014

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Prior research on the saving behavior of Chinese consumers gave indirect evidence of various saving motives. In contrast, this study examined saving motives directly reported by consumers in a national survey in China. Findings indicated that the three most commonly reported motives were saving for emergency, children's education, and retirement. Mediation analysis results suggested that saving motives reported by Chinese survey participants had clear life cycle patterns.

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Section: Demographic Characteristicsmentioning

confidence: 99%

“…Previous research that examined saving motives of Chinese households reported the main effects of demographic and economic characteristics on saving motives (e.g., DeVaney et al 2007;Xiao and Fan 2002;Xiao and Noring 1994;Yilmazer 2008). …”

Section: Contributions Of This Studymentioning

confidence: 99%

Effects of Age on Saving Motives of Chinese Urban Consumers

2014

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“…Larger sibships are associated with a lower probability of attending college (Conley 2001), lower parental investments (Powell and Steelman 1989; Steelman and Powell 1989; Yilmazer 2008) in any one child, and lower saving (Steelman and Powell 1991) for each child’s education. Powell and Steelman (1989) measure sibship size separately by gender and find that an additional brother reduces parental financial support for a college education more than an additional sister.…”

Section: 0 Introductionmentioning

confidence: 99%

Family structure and the reproduction of inequality: Parents’ contribution to children’s college costs

Henretta

Wolf

Voorhis

et al. 2012

Social Science Research

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This article examines the role of family structure in the financial support parents provide for their children’s college education. Data are from the Health and Retirement Study. We focus on aspects of family structure that affect parental support and estimate shared family variance in investments as well as within-family variation using a multilevel model. Family membership accounts for about 60% of the variance in payment of college costs. Small family size, living with both biological parents (compared to one biological parent and a stepparent), higher parental education, and having older parents are associated with greater parental expenditures.

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“…Using data from the 1983–1986 SCF, Yilmazer (2008) studied the effect of children’s college expenses on household savings. Cross‐tabulation was conducted to study the relationship between household saving motives and the number of children.…”

Section: Literature Reviewmentioning

confidence: 99%

Household Saving Motives: Comparing American and Chinese Consumers

Yao

Wang

Weagley

et al. 2011

Family and Consumer Sciences Research Journal

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Using the 2008 Survey of Chinese Consumer Finance and Investor Education and the 2007 Survey of Consumer Finances, this study compared saving motives between Chinese and American urban households. Results showed that Chinese households were more likely than American households to report precautionary and education saving motives, and Chinese households with lower incomes were more likely to report a retirement saving motive. Chinese households’ stronger motivation to save serves as an explanation of the greater saving rates in China, compared with the United States. The results have implications for policy makers, financial professionals, and consumer finance researchers.

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Saving for Children’s College Education: An Empirical Analysis of the Trade-off Between the Quality and Quantity of Children

Abstract: Children, College expenses, Life-cycle theory of saving and consumption, Quality–quantity model of fertility,

Cited by 31 publications

References 20 publications

Effects of Age on Saving Motives of Chinese Urban Consumers

Effects of Age on Saving Motives of Chinese Urban Consumers

Family structure and the reproduction of inequality: Parents’ contribution to children’s college costs

Household Saving Motives: Comparing American and Chinese Consumers

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