Schooling and Assets Ownership

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.