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Title: Can't Buy Me Love
Resulting in 1 citation.
1. Mayer, Susan E.
Can't Buy Me Love
The Economist, 343, (June 1997): pg. 29
Cohort(s): NLSY79
Publisher: Economist Group Ltd., The
Keyword(s): Children, Poverty; Disadvantaged, Economically; Earnings; Economic Changes/Recession; Family Income; Parental Influences; Parenting Skills/Styles; Welfare

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

Using data from the National Longitudinal Study of Youth and the Panel Study of Income Dynamics, Susan Mayer of the University of Chicago developed a statistical model to predict what would happen to children's prospects if the income of a poor family was raised from $15,000 to $30,000 a year. Her analysis revealed that whereas doubling poor families' income would lift most children above the poverty line, it would have almost no effect on their test scores and only a slight effect on their social behavior. This might be explained by the fact that extra money is usually spent on things that have little to do with helping children succeed in school or life and by the fact that good parenting has a lot in common with being a good worker, therefore children with parents who possess the qualities of good workers tend to do well even if their parents do not earn a lot.
Bibliography Citation
Mayer, Susan E. "Can't Buy Me Love." The Economist, 343, (June 1997): pg. 29.