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Title: Parental Debt and Child Wellbeing
Resulting in 1 citation.
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Berger, Lawrence Marc |
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Parental Debt and Child Wellbeing Presented: Albuquerque NM, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 2014 Cohort(s): Children of the NLSY79, NLSY79 Publisher: Association for Public Policy Analysis and Management (APPAM) Keyword(s): Behavior Problems Index (BPI); Children, Well-Being; Data Linkage (also see Record Linkage); Debt/Borrowing; Family Resources; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); State-Level Data/Policy Permission to reprint the abstract has not been received from the publisher. This study uses an instrumental variables strategy to estimate associations between particular types and amounts of parental debt with child cognitive skills and social-emotional development. The data are drawn from the 1986 through 2011 waves of the mother and child files of the 1979 panel of the National Longitudinal Survey of Youth (NLSY), which have been linked to a unique dataset of state-by-year consumer financial protection policies. The policy data include information on homestead exemption levels, usury caps/criminal usury laws, payday lending laws, debt collection practices, average housing prices, mortgage interest rates, home foreclosure rates, and college prices, each of which is likely to influence debt accumulation. These data are used to predict household level home mortgage debt, educational debt, and unsecured debt. The predicted debt amounts in each category--which represent exogenous variation in debt due to state and year level differences in consumer financial protection policie--are then used to estimate unbiased effects of debt on child cognitive skills and social--motional development. Cognitive skills are measured by the Peabody Individual Achievement Test. Social-emotional development is measured by the internalizing and externalizing behaviors subscales of the Behavioral Problems Index. |
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Bibliography Citation
Berger, Lawrence Marc. "Parental Debt and Child Wellbeing." Presented: Albuquerque NM, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 2014. |