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040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
045 |ay1y1
0861 |aCS11-0019/449E-PDF
1001 |aBonikowska, Aneta, |eauthor.
24510|aWhy are lower-income parents less likely to open an RESP account? : |bthe roles of literacy, education and wealth / |cby Aneta Bonikowska and Marc Frenette.
264 1|a[Ottawa] : |bStatistics Canada = Statistique Canada, |c2020.
264 4|c©2020
300 |a1 online resource (36 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aAnalytical Studies Branch research paper series, |x1205-9153 ; |vno. 449
500 |aIssued also in French under title: Pourquoi les parents à faible revenu sont-ils moins susceptibles d'ouvrir un compte de REEE? Les rôles de la littératie, de l'éducation et du patrimoine financier.
500 |a"11F0019M No. 449."
500 |a"2020012."
500 |a"July 2020."
500 |aIssued also in HTML format.
504 |aIncludes bibliographical references (pages 35-36).
520 |a"The Government of Canada offers various financial incentives for parents to save for their children's postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income. The results suggest that differences in wealth (which may also reflect differences in unobserved characteristics correlated with wealth) remain the single most important factor behind the gap in RESP participation by family income, even after accounting for differences in parental levels of education and literacy, numeracy and financial literacy. In fact, differences in wealth accounted for 50% to 79% of the total gap in RESP participation between families in the top and bottom income quartiles, depending on the method and dataset used. Differences in financial literacy accounted for a moderate share of the RESP participation gap (between 13% and 19%), while differences in literacy and numeracy played smaller, statistically insignificant roles"--Abstract, page 5.
650 0|aLow income parents|zCanada|xFinance, Personal|vStatistics.
650 0|aFinancial literacy|zCanada|vStatistics.
650 0|aIncome|zCanada|vStatistics.
650 0|aEducation savings accounts|zCanada|vStatistics.
7102 |aStatistics Canada. |bAnalytical Studies Branch, |eissuing body.
77508|tPourquoi les parents à faible revenu sont-ils moins susceptibles d'ouvrir un compte de REEE? : |w(CaOODSP)9.888537
830#0|aResearch paper series (Statistics Canada. Analytical Studies Branch)|vno. 449.|w(CaOODSP)9.504421
85640|qPDF|s278 KB|uhttps://publications.gc.ca/collections/collection_2020/statcan/11f0019m/11f0019m2020012-eng.pdf
8564 |qHTML|sN/A|uhttps://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2020012-eng.htm