Share This Article:

Schooling and Assets Ownership

Full-Text HTML XML Download Download as PDF (Size:269KB) PP. 126-138
DOI: 10.4236/me.2012.31018    3,307 Downloads   5,937 Views   Citations

ABSTRACT

We use the 1994, 2001 and 2005 Senegalese households’ surveys to examine to what extent the differences in asset ownership are associated with differences in education levels. The assets are mainly classified into savings, house, car/vehicle and household furniture while the education levels considered are the primary, secondary and university education. The results of the estimations show that education can play a significant role in the holding of household durables or house comfort related assets such as refrigerator and air conditioner. Besides, the findings show that more educated individuals are more likely to have net savings. The results of the stratified samples (rural vs. urban and male vs. female) show that secondary/tertiary education and most of the assets are positively and significantly associated, implying an intensive promotion of higher education. The results suggest an increase of the level of compulsory education. The results of the present study are modest and very indicative in the sense that the lack of various financial and productive assets does not help drawing straightforward conclusions.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

B. Diawara, "Schooling and Assets Ownership," Modern Economy, Vol. 3 No. 1, 2012, pp. 126-138. doi: 10.4236/me.2012.31018.

References

[1] T. Bundervoet, “Assets, Activity Choices, and Civil War: Evidence from Burundi,” World Development, Vol. 38, No. 7, 2010, pp. 955-965. doi:10.1016/j.worlddev.2009.12.007
[2] M. Rosenzweig and K. Wolpin, “Credit Market Con- straints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low- Income Countries: Investment in Bullocks in India,” Journal of Political Economy, Vol. 101, No. 2, 1993, pp. 223-244. doi:10.1086/261874
[3] S. Swinton, “Drought Survival Tactics of Subsistence Farmers in Niger,” Human Ecology, Vol. 16, No. 2, 1998, pp. 123-144. doi:10.1007/BF00888089
[4] G. M. Bradley and J. W. Graham, “Education and Asset Composition,” Economics of Education Review, Vol. 7, No. 2, 1988, pp. 209-220. doi:10.1016/0272-7757(88)90045-3
[5] E. Aryeetey, “Household Asset Choice among the Rural Poor in Ghana,” Institute of Statistical, Social and Eco- nomic Research, University of Ghana and Cornell Uni- versity, Accra, 2004.
[6] M. Miller-Adams, “Building Assets,” In: M. Miller- Adams, Eds. Owning Up: Poverty, Asset, and the Ameri- can Dream, Brookings Institution Press, Washington, DC, 2002, pp. 1-22.
[7] A. Gamble and R. Prabhakar, “Assets and Poverty,” Theoria, Vol. 52, No. 107, 2005, pp. 1-18. doi:10.3167/004058105780956813
[8] M. Sherraden, “Assets and the Poor: A New American Welfare Policy,” Sharpe Incorporated, New York, 1991.
[9] W. Paxton, “Introduction” In: W. Paxton, Eds. Equal Shares? Building a Progressive and Coherent Asset-Based Welfare Policy, Institute for Public Policy Research, London, 2003, pp. 1-8.
[10] N. S., Chiteji and F. P. Stafford, “Asset Ownership across Generations,” Population Studies Center Research Report No. 00-454, University of Michigan, Ann Arbor, 2000.
[11] DPS (Direction de la Prévision et de la Statistique), “Deuxième Enquête Sénégalaise auprès des Ménages (ESAM II),” Ministère de l’Economie et des Finances, Dakar, 2002.
[12] DPS (Direction de la Prévision et de la Statistique), “Première Enquête Sénégalaise auprès des Ménages (ESAM I),” Ministère de l’Economie et des Finances, Dakar, 1995.
[13] ESPS (Enquête de Suivi de la Pauvreté au Sénégal), Agence Nationale de la Statistique et de la Demographie (ANSD) de la Republique du Senegal, 2005. www.ansd.sn.
[14] A. M. Jones, “Applied Econometrics for Health Economists: A Practical Guide,” 2nd Edition, Office of Health Economics, London, 2007.
[15] A. G. Tipple, “The Need for New Urban Housing in Sub- Saharan Africa: Problem or Opportunity,” African Affairs, Vol. 93, 1994, pp. 587-608.
[16] F. Torche and S. Spilerman, “Parental Wealth Effects on Living Standards and Assets Holdings: Results from Chile,” ISERP Working Paper 04-06, Columbia University, New York City, 2004.
[17] A. Fall, “Dakar dans une Spirale Inflationsite,” Les Afriques, Genève, 2008.
[18] République du Sénégal, “Programme de Développement de l’Education et de la Formation (Education pour tous)”, Ministère de l’Education, 2003.

  
comments powered by Disqus

Copyright © 2018 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.