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

Marta Barazzetta, Andrew Clark and Conchita D'Ambrosio

CEP Discussion Papers from Centre for Economic Performance, LSE

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 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.

Keywords: income; financial problems; child outcomes; subjective well-being; behaviour; education; ALSPAC (search for similar items in EconPapers)
JEL-codes: D60 I31 I32 (search for similar items in EconPapers)
Date: 2019-03-22
New Economics Papers: this item is included in nep-eur, nep-hap and nep-ltv
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https://cep.lse.ac.uk/pubs/download/dp1609.pdf (application/pdf)

Related works:
Journal Article: 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 (2021)
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:cep:cepdps:dp1609

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