Childhood circumstances and young adulthood outcomes: The role of mothers' financial problems

Andrew Clark, Conchita D'Ambrosio and Marta Barazzetta

Health Economics, 2021, vol. 30, issue 2, 342-357

Abstract: We here consider the cognitive and noncognitive 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 noncognitive 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 noncognitive outcomes seems to transit through mother's mental health.

Date: 2021
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Citations: View citations in EconPapers (8)

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https://doi.org/10.1002/hec.4194

Related works:
Working Paper: Childhood circumstances and young adulthood outcomes: The role of mothers' financial problems (2021)
Working Paper: Childhood circumstances and young adulthood outcomes: The role of mothers' financial problems (2021)
Working Paper: Childhood circumstances and young adulthood outcomes: the role of mothers' financial problems (2019)
Working Paper: Childhood Circumstances and Young Adulthood Outcomes: The Role of Mothers’ Financial Problems (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:30:y:2021:i:2:p:342-357

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