[en] 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 value-added 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.
Disciplines :
Social economics
Author, co-author :
Clark, Andrew; Paris School of Economics
d'ambrosio, Conchita ; University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Behavioural and Cognitive Sciences (DBCS)
Barazzetta, Marta
External co-authors :
yes
Language :
English
Title :
Childhood Circumstances and Young Adulthood Outcomes: The Role of Mothers’ Financial Problems
Publication date :
2021
Journal title :
Health Economics
ISSN :
1099-1050
Publisher :
John Wiley & Sons, Hoboken, United States - New Jersey
Volume :
30
Pages :
342-357
Peer reviewed :
Peer Reviewed verified by ORBi
FnR Project :
FNR12677653 - Financial Strain And Economic Instability: Effects On Wellbeing And Behaviour Over The Life Course, 2018 (01/09/2019-31/08/2022) - Conchita D'ambrosio