earticle

영어

The purpose of this study was to compare characteristics between the parents who saved money for their children's college education and those who did not, in an effort to identify the factors influencing the decision to save. From 1998 Survey of Consumer Finances (SCF), a sample of 1,085 family households was employed. Logistic regression analysis was used to examine the probability of saving for college education. The results showed that higher incomes and financial assets significantly increased the probability of saving for children's college education. The married couples who had higher education and larger household sizes were more likely to save. The age of the youngest child was a significant positive factor in the probability of saving for college education