Correlation, Consumption, Confusion, or Constraints: Why do Poor Children Perform so Poorly? /
Caucutt, Elizabeth M.
Correlation, Consumption, Confusion, or Constraints: Why do Poor Children Perform so Poorly? / Elizabeth M. Caucutt, Lance Lochner, Youngmin Park. - Cambridge, Mass. National Bureau of Economic Research 2015. - 1 online resource: illustrations (black and white); - NBER working paper series no. w21023 . - Working Paper Series (National Bureau of Economic Research) no. w21023. .
March 2015.
The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing new evidence of important differences in early child investments by family income, we study four leading mechanisms thought to explain these gaps: an intergenerational correlation in ability, a consumption value of investment, information frictions, and credit constraints. In order to better determine which of these mechanisms influence family investments in children, we evaluate the extent to which these mechanisms also explain other important stylized facts related to the marginal returns on investments and the effects of parental income on child investments and skills.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Correlation, Consumption, Confusion, or Constraints: Why do Poor Children Perform so Poorly? / Elizabeth M. Caucutt, Lance Lochner, Youngmin Park. - Cambridge, Mass. National Bureau of Economic Research 2015. - 1 online resource: illustrations (black and white); - NBER working paper series no. w21023 . - Working Paper Series (National Bureau of Economic Research) no. w21023. .
March 2015.
The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing new evidence of important differences in early child investments by family income, we study four leading mechanisms thought to explain these gaps: an intergenerational correlation in ability, a consumption value of investment, information frictions, and credit constraints. In order to better determine which of these mechanisms influence family investments in children, we evaluate the extent to which these mechanisms also explain other important stylized facts related to the marginal returns on investments and the effects of parental income on child investments and skills.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.