The Role of Child and Parent Savings in Promoting Expectations for University Education Among Middle School Students in Ghana: A Propensity Score Analysis

The volume of research on high educational expectations among young people is increasing. Yet, there are still research gaps in what we know about the key predictors of young people’s educational expectations, especially in the Sub-Saharan African context. This study aims to complement existing research on asset effects by testing two related propositions about how child and parent savings relate independently to children’s expectations for university education. We use propensity score analysis with data from a random sample of junior high school students in Ghana. Findings reveal that parent savings are positively associated with higher probability of children having higher educational expectation. We also find that parents’ savings have stronger effect on children’s educational expectations compared to children’s savings. We discuss implications for early exposure of young people to savings opportunities and its potential to ensure educational progression and optimum psychological and economic benefits to students.

Project: YouthSave