Search Results

Title: Finance and Children's Academic Performance
Resulting in 1 citation.
1. Hu, Qing
Levine, Ross
Lin, Chen
Tai, Mingzhu
Finance and Children's Academic Performance
NBER Working Paper No. 26678, National Bureau of Economic Research, January 2020.
Also: https://www.nber.org/papers/w26678
Cohort(s): Children of the NLSY79, NLSY79
Publisher: National Bureau of Economic Research (NBER)
Keyword(s): Children, Academic Development; Family Income; Family Influences; Human Capital; Legislation; Maternal Employment; Parent Supervision/Monitoring; Parent-Child Interaction; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); Work Hours

What is the impact of regulatory reforms that enhance credit market efficiency on children's human capital? Using a parent-child panel dataset, we find that such reforms reduced children's academic performance in low-income families. Consistent with the view that financial development entices low-income parents to substitute out of childrearing and into employment with adverse effects on children’s education, we find that among low-income families, regulatory reforms: increased mother's employment hours, reduced parental supervision and parent-child discussions about school and college, and had bigger adverse effects when mothers were not already working full-time and grandparents were not living with the child.
Bibliography Citation
Hu, Qing, Ross Levine, Chen Lin and Mingzhu Tai. "Finance and Children's Academic Performance." NBER Working Paper No. 26678, National Bureau of Economic Research, January 2020.