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Childhood circumstances and young adult outcomes: the role of mothers' financial problems

Clark, Andrew E., D’Ambrosio, Conchita and Barrazzetta, Marta (2019) Childhood circumstances and young adult outcomes: the role of mothers' financial problems. CEP Discussion Papers (1609). Centre for Economic Performance, LSE, London, UK.

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Abstract

We here consider the cognitive and non-cognitive consequences on young adults of growing up with a mother who reported experiencing major financial problems. We use UK data from the Avon Longitudinal Study of Parents and Children to show that early childhood financial problems are associated with worse adolescent cognitive and non-cognitive outcomes, controlling for both income and a set of standard variables, and in valueadded models controlling for children’s earlier age-5 outcomes. The estimated effect of financial problems is almost always larger in size than that of income. Around one-quarter to one-half of the effect of financial problems on the non-cognitive outcomes seems to transit through mother’s mental health.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2019 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HQ The family. Marriage. Woman
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
JEL classification: I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty
D - Microeconomics > D6 - Welfare Economics > D60 - General
Date Deposited: 26 Nov 2019 11:30
Last Modified: 12 Sep 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/102630

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