Family Savings and Children’s Non-Cognitive and Cognitive Development: Evidence from China

Yongjin Chen, Kuiyun Zhi and Jin Huang

Children and Youth Services Review, 2021, vol. 130, issue C

Abstract: Previous research has found positive correlations of family assets with children’s cognitive and non-cognitive development in separate studies. The association between family assets and children’s cognitive development is mediated by parental engagement in education. Using a sample (N = 3,435) from a nationally representative household survey in China, we examine whether family savings for children are associated with parental engagement as well as children’s non-cognitive and cognitive development. Children’s self-control scores and academic performance are used to measure their non-cognitive and cognitive development. Consistent with prior literature, results suggest that family savings for children are positively associated with all three dependent variables: parental engagement in education, children’s self-control, and academic performance. In addition, parental engagement in education is a mediator between family savings and child development. The association between family savings and children’s cognitive development is also partially mediated by their non-cognitive development. Practice and policy implications are discussed.

Keywords: Child development; Cognitive development; Family savings; Non-cognitive development; Parental engagement (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:cysrev:v:130:y:2021:i:c:s0190740921003042

DOI: 10.1016/j.childyouth.2021.106228

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