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Title: Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly?
Resulting in 1 citation.
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Caucutt, Elizabeth M. Lochner, Lance John Park, Youngmin |
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Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly? Scandinavian Journal of Economics 119,1 (January 2017): 102-147. Also: http://onlinelibrary.wiley.com/wol1/doi/10.1111/sjoe.12195/abstract Cohort(s): Children of the NLSY79, NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Armed Forces Qualifications Test (AFQT); Children, Academic Development; Children, Poverty; Credit/Credit Constraint; Family Income; Home Observation for Measurement of Environment (HOME); Intergenerational Patterns/Transmission; Parental Influences; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading) Early developing and persistent gaps in child achievement by family income combined with the importance of adolescent skill levels for schooling and lifetime earnings suggest that a key component of intergenerational mobility is determined before individuals enter school. After documenting important differences in early child investments by family income, we study four leading mechanisms thought to explain these gaps: intergenerational ability correlation, consumption value of investment, information frictions, and credit constraints. We evaluate whether these mechanisms are consistent with other stylized facts related to the marginal returns on investments and the effects of parental income on child investments and skills. |
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Bibliography Citation
Caucutt, Elizabeth M., Lance John Lochner and Youngmin Park. "Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly?" Scandinavian Journal of Economics 119,1 (January 2017): 102-147.
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