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ERIC Number: EJ945350
Record Type: Journal
Publication Date: 2011-Sep
Pages: 17
Abstractor: As Provided
Reference Count: 75
ISBN: N/A
ISSN: ISSN-0012-1649
Does Money Really Matter? Estimating Impacts of Family Income on Young Children's Achievement with Data from Random-Assignment Experiments
Duncan, Greg J.; Morris, Pamela A.; Rodrigues, Chris
Developmental Psychology, v47 n5 p1263-1279 Sep 2011
Social scientists do not agree on the size and nature of the causal impacts of parental income on children's achievement. We revisit this issue using a set of welfare and antipoverty experiments conducted in the 1990s. We utilize an instrumental variables strategy to leverage the variation in income and achievement that arises from random assignment to the treatment group to estimate the causal effect of income on child achievement. Our estimates suggest that a $1,000 increase in annual income increases young children's achievement by 5%-6% of a standard deviation. As such, our results suggest that family income has a policy-relevant, positive impact on the eventual school achievement of preschool children. (Contains 6 footnotes, 6 tables, and 1 figure.)
American Psychological Association. Journals Department, 750 First Street NE, Washington, DC 20002-4242. Tel: 800-374-2721; Tel: 202-336-5510; Fax: 202-336-5502; e-mail: order@apa.org; Web site: http://www.apa.org/publications
Publication Type: Journal Articles; Reports - Research
Education Level: Preschool Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Canada; United States
Identifiers - Assessments and Surveys: Peabody Picture Vocabulary Test; Bracken Basic Concept Scale; Social Skills Rating System; Woodcock Johnson Psycho Educational Battery