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Author: Painter, Matthew A. II
Resulting in 6 citations.
1. Painter, Matthew A. II
Get a Job and Keep It! High School Employment and Adult Wealth Accumulation
Research in Social Stratification and Mobility 28,2 (June 2010): 233-249.
Also: http://www.sciencedirect.com/science/article/pii/S0276562410000132
Cohort(s): NLSY79
Publisher: Elsevier
Keyword(s): Assets; Employment, Part-Time; High School Employment; Home Ownership; Human Capital; Transition, Adulthood; Wealth; Work Experience

Wealth inequality receives substantial scholarly attention, but mounting evidence suggests that childhood and adolescent traits and experiences contribute to financial disparities in the United States. This study examines the relationship between adolescent labor force participation and adult wealth accumulation. I argue that employed high school students gain practical life skills, abilities, and knowledge from work experience and business exposure that shape investment decisions and affect overall net worth. I use the National Longitudinal Survey of Youth, 1979 cohort, to empirically explore this idea. This study extends the wealth literature by identifying adolescent employment as an important mechanism that improves adult net worth and financial well-being.
Bibliography Citation
Painter, Matthew A. II. "Get a Job and Keep It! High School Employment and Adult Wealth Accumulation ." Research in Social Stratification and Mobility 28,2 (June 2010): 233-249.
2. Painter, Matthew A. II
High School Employment and Adult Wealth Accumulation
M.A. Thesis, Ohio State University, 2005
Cohort(s): NLSY79
Publisher: ProQuest Dissertations & Theses (PQDT)
Keyword(s): Educational Costs; Employment, In-School; Human Capital; Labor Force Participation; Labor Supply; Wealth; Well-Being

Permission to reprint the abstract has not been received from the publisher.

Wealth inequality receives substantial scholarly attention, but the processes underlying this financial disparity have only been recently explored. This study examines the relationship between early labor force participation and wealth accumulation. I argue that high school employment develops human capital, improves educational attainment, and ultimately increases adult wealth. Through work experience and business exposure, employed high school students develop practical life skills, knowledge, abilities, and resources that shape educational attainment, career outcomes, and adult financial decision making. These processes then shape investment decisions and overall net worth. I use the National Longitudinal Survey of Youth (NLSY79) to study these ideas empirically. This study extends the wealth literature by identifying an important adolescent process that has the potential to improve adult net worth and well-being.
Bibliography Citation
Painter, Matthew A. II. High School Employment and Adult Wealth Accumulation. M.A. Thesis, Ohio State University, 2005.
3. Painter, Matthew A. II
Frech, Adrianne
Williams, Kristi
Nonmarital Fertility, Union History, and Women's Wealth
Demography 52,1 (February 2015): 153-182.
Also: http://link.springer.com/article/10.1007/s13524-014-0367-9
Cohort(s): NLSY79
Publisher: Population Association of America
Keyword(s): Age at First Birth; Childbearing, Premarital/Nonmarital; Cohabitation; Fertility; First Birth; Marital Stability; Marital Status; Racial Differences; Wealth

Permission to reprint the abstract has not been received from the publisher.

We use more than 20 years of data from the National Longitudinal Survey of Youth 1979 to examine wealth trajectories among mothers following a nonmarital first birth. We compare wealth according to union type and union stability, and we distinguish partners by biological parentage of the firstborn child. Net of controls for education, race/ethnicity, and family background, single mothers who enter into stable marriages with either a biological father or stepfather experience significant wealth advantages over time (more than $2,500 per year) relative to those who marry and divorce, cohabit, or remain unpartnered. Sensitivity analyses adjusting for unequal selection into marriage support these findings and demonstrate that race (but not ethnicity) and age at first birth structure mothers' access to later marriage. We conclude that not all single mothers have equal access to marriage; however, marriage, union stability, and paternity have distinct roles for wealth accumulation following a nonmarital birth.
Bibliography Citation
Painter, Matthew A. II, Adrianne Frech and Kristi Williams. "Nonmarital Fertility, Union History, and Women's Wealth." Demography 52,1 (February 2015): 153-182.
4. Painter, Matthew A. II
Shafer, Kevin M.
Children, Family Size Change, and Household Wealth Trajectories
Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007.
Also: http://paa2007.princeton.edu/abstractViewer.aspx?submissionId=70861
Cohort(s): NLSY79
Publisher: Population Association of America
Keyword(s): Ethnic Differences; Family Size; Hispanics; Life Course; Modeling, Growth Curve/Latent Trajectory Analysis; Racial Differences; Transition, Adulthood; Wealth

Permission to reprint the abstract has not been received from the publisher.

Wealth inequality continues to play an increasingly important role in the overall American stratification picture. Previous research tends to examine early childhood and adolescent processes that influence adult wealth accumulation to the exclusion of influential adult life course effects. One important aspect of adulthood is having children and the transition to parenthood, which can affect numerous outcomes, including wealth trajectories. Using the National Longitudinal Survey of Youth, 1979 cohort (NLSY79), and latent-growth curve modeling techniques, we look at the direct effect of family size on wealth and at potential family-size threshold effects in wealth accumulation. Furthermore, we assess racial and ethnic differences between Whites, Blacks, and Hispanics in the effect of family size on wealth. Finally, we disaggregate net worth into its two component parts, financial and non-fungible wealth in order to evaluate the effect of family size and family change on each resource pool.
Bibliography Citation
Painter, Matthew A. II and Kevin M. Shafer. "Children, Family Size Change, and Household Wealth Trajectories." Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007.
5. Painter, Matthew A. II
Shafer, Kevin M.
Children, Race/Ethnicity, and Marital Wealth Accumulation in Black and Hispanic Households
Journal of Comparative Family Studies 42,2 (March 2011): 145-169.
Also: http://www.jstor.org/stable/info/41604430
Cohort(s): NLSY79
Publisher: Dr. George Kurian
Keyword(s): Ethnic Differences; Family Size; Life Course; Modeling, Growth Curve/Latent Trajectory Analysis; Racial Differences; Transition, Adulthood; Wealth

Permission to reprint the abstract has not been received from the publisher.

As wealth inequality in the United States continues to grow, family characteristics have become increasingly important to researchers' understanding of changes in wealth inequality over time. One aspect of adulthood is having children and transitioning to parenthood, which can affect numerous outcomes, including wealth trajectories. Due to widely-recognized structural constraints, black and Hispanic households generally have fewer financial resources to draw upon when they begin to have children. Therefore, existing racial/ethnic wealth inequality may increase when minority families have children. We use growth curve modeling techniques to analyze a sample of continuously married couples from the National Longitudinal Survey of Youth, 1979 cohort. Results suggest that children affect family financial resources in different ways and that this effect varies by race and ethnicity. These findings improve our understanding of how a similar family event-having children-within families contributes to divergent financial outcomes between families.
Bibliography Citation
Painter, Matthew A. II and Kevin M. Shafer. "Children, Race/Ethnicity, and Marital Wealth Accumulation in Black and Hispanic Households." Journal of Comparative Family Studies 42,2 (March 2011): 145-169.
6. Vespa, Jonathan Edward
Painter, Matthew A. II
Cohabitation History, Marriage, and Wealth Accumulation
Demography 48,3 (August 2011): 983-1004.
Also: http://www.springerlink.com/content/ag75174242632630/
Cohort(s): NLSY79
Publisher: Population Association of America
Keyword(s): Cohabitation; Ethnic Differences; Marital Status; Marriage; Racial Differences; Wealth

Permission to reprint the abstract has not been received from the publisher.

This study extends research on the relationship between wealth accumulation and union experiences, such as marriage and cohabitation. Using data from the National Longitudinal Survey of Youth 1979, we explore the wealth trajectories of married individuals in light of their premarital cohabitation histories. Over time, marriage positively correlates with wealth accumulation. Most married persons with a premarital cohabitation history have wealth trajectories that are indistinguishable from those without cohabitation experience, with one exception: individuals who marry their one and only cohabiting partner experience a wealth premium that is twice as large as that for married individuals who never cohabited prior to marrying. Results remain robust over time despite cohabiters' selection out of marriage, yet vary by race/ethnicity. We conclude that relationship history may shape long-term wealth accumulation, and contrary to existing literature, individuals who marry their only cohabiting partners experience a beneficial marital outcome. It is therefore important to understand the diversity of cohabitation experiences among the married.
Bibliography Citation
Vespa, Jonathan Edward and Matthew A. II Painter. "Cohabitation History, Marriage, and Wealth Accumulation." Demography 48,3 (August 2011): 983-1004.