New Advances on an Old Question: Does Money Matter for Children's Outcomes?

IF 11.5 1区 经济学 Q1 ECONOMICS
Marianne E Page
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引用次数: 0

Abstract

Family income is a positive predictor of children's health, human capital, and later-life earnings, but determining the extent to which these associations reflect causal effects is challenging. A recent wave of natural and randomized experiments, together with increased accessibility of large-scale administrative data, are allowing us to gain new perspectives about the importance of families' monetary resources in the U.S. and other high-income countries. This review pulls the emerging literature together to provide deeper insights into what we know, and what we don't know, about the extent to which policies that provide more generous income transfers could make a difference to children's life chances. My reading of the evidence suggests that policies providing financial resources to economically vulnerable families have the potential to improve children's outcomes. The magnitude of predicted impacts varies considerably across studies, however, and may be related to specific features of the income-generating event that researchers' leverage.

一个老问题的新进展:钱对孩子的成就有影响吗?
家庭收入是儿童健康、人力资本和晚年收入的积极预测因素,但确定这些关联在多大程度上反映了因果关系是具有挑战性的。最近一波自然和随机实验,加上大规模行政数据的可访问性增加,使我们对美国和其他高收入国家家庭金钱资源的重要性有了新的认识。这篇综述将新兴文献汇集在一起,以提供更深入的见解,了解我们所知道的和我们所不知道的,即提供更慷慨的收入转移的政策在多大程度上可能对儿童的生活机会产生影响。我对证据的解读表明,向经济脆弱家庭提供财政资源的政策有可能改善儿童的发展。然而,在不同的研究中,预测的影响程度差异很大,这可能与研究人员利用的创收事件的特定特征有关。
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来源期刊
CiteScore
17.80
自引率
0.80%
发文量
49
期刊介绍: Commencing in 1969, the Journal of Economic Literature (JEL) serves as a vital resource for economists, offering a means to stay informed about the extensive literature in the field. Each JEL issue features commissioned, peer-reviewed survey and review articles, book reviews, an annotated bibliography categorizing new books by subject, and an annual index of dissertations from North American universities.
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