Taking stock of ten years of research on the relationship between assets and children's educational outcomes: Implications for theory, policy and intervention

This paper has two main goals. First, we provide a review of 34 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 approach for helping to finance college. More specifically, we propose that CDAs should be designed so that, in addition to promoting savings, they include aspects that help make children's college-bound identity salient, congruent with children's group identity, and that help children develop strategies for overcoming difficulties.

► Review 34 studies on assets and education.
► Findings generally indicate that assets are a positive predictor of youth's educational attainment.
► Evidence suggests that assets work through expectations to affect youth's educational attainment.