Do RESPs increase household saving?

Authors: Dwayne Benjamin and Michael Smart

Overview

Abstract (English)

This paper estimates the degree to which the Canadian RESP (Registered Education Savings Plan) program increases overall household saving. We use the 1999 and 2005 Surveys of financial Security, and exploit the interaction between program rules and the age and number of children in a household, to identify the crowd-out effect of RESPs.

Abstract (French)

Please note that abstracts only appear in the language of the publication and might not have a translation.

Details

Type	Working paper (online)
Author	Dwayne Benjamin and Michael Smart
Publication Year	2011
Title	Do RESPs increase household saving?
Series	University of Toronto Department of Economics Working Paper
City	Toronto, ON
Publication Language	English

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Data Used

Survey of Financial Security

Cross-Sectional, Repeated (1999 to 2016)

SFS

Research Data Centre(s)

Toronto RDC

UTO

Canadian Research Data Centre Network