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Title: What Money Can't Buy: Family Income and Children's Life Chances
Resulting in 1 citation.
1. Mayer, Susan E.
What Money Can't Buy: Family Income and Children's Life Chances
Cambridge, MA: Harvard University Press, 1997
Cohort(s): Children of the NLSY79
Publisher: Harvard University Press
Keyword(s): Aid for Families with Dependent Children (AFDC); Behavioral Problems; Children; Economic Well-Being; Educational Attainment; Family Size; Home Observation for Measurement of Environment (HOME); Household Composition; Income; Mobility, Social; Mothers, Education; Panel Study of Income Dynamics (PSID); Parental Influences; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); Peabody Picture Vocabulary Test (PPVT); Poverty; Social Environment; Test Scores/Test theory/IRT; Welfare; Well-Being

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

Assesses the effect of parental income on young children, teenagers, and young adults. Describes America's different policies in response to poverty over the last two hundred years. Compares outcomes for rich and poor children in terms of test scores; behavior problems; educational attainment; young men's wages and labor-market participation; and risks of becoming a teenage mother, a single mother, or high school dropout. Presents conventional estimates of the effect of income. Investigates the "true" effect of income by controlling for parental characteristics that influence the parents' income and the children's outcomes. Discusses income, material well-being, and children's success; the relationship between income, the psychological well-being of parents, and parenting practices; trends in parental income in comparison with trends in children's outcomes; and the outcomes of children who lived in states that paid high Aid to Families with Dependent Children (AFDC) benefits versus the outcomes of children who lived in states that paid low controlling for parental characteristics that influence the parents' income and the children's outcomes. Discusses income, material well-being, and children's success; the relationship between income, the psychological well-being of parents, and parenting practices; trends in parental income in comparison with trends in children's outcomes; and the outcomes of children who lived in states that paid high Aid to Families with Dependent Children (AFDC) benefits versus the outcomes of children who lived in states that paid low.
Bibliography Citation
Mayer, Susan E. What Money Can't Buy: Family Income and Children's Life Chances. Cambridge, MA: Harvard University Press, 1997.