Terri Friedline|William Elliott|In-Soo Nam
Predicting Savings From Adolescence to Young Adulthood: A Propensity Score Approach
University of Pittsburgh|University of Pittsburgh|University of Pittsburgh
paper examines progression savings adolescence young adulthood using data panel study income dynamics ask whether likelihood savings account young adulthood amount savings significantly predicted two factors savings account adolescence parents assets descriptive statistics reveal adolescents savings accounts often white employed live households head married education owns assets propensity score analyses confirm young adults likely savings account savings account adolescents evidence suggests adolescents whose parents savings behalf higher net worth likely higher amounts savings young adults findings suggest parents play important role modeling saving habits adolescents findings suggest savings account adolescence leads increased likelihood savings account young adulthood however finding requires confirmation future research