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Assets and child well-being in developed countries

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  • Williams Shanks, Trina R.
  • Kim, Youngmi
  • Loke, Vernon
  • Destin, Mesmin
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    Abstract

    Although there is no universal approach to offering Child Development Accounts (CDAs), this paper introduces a framework for an age-based conceptual model that describes how such accounts might influence indicators of child well-being. With a focus on optimal age-appropriate development beginning at birth and ranging through young adulthood, the model incorporates research from multiple disciplines to include direct effects, indirect effects and critical milestones. We review empirical evidence from national datasets (primarily from the United States, but including research from other developed countries) to provide a context for this framework. This conceptual and empirical backdrop provides a starting point from which to critique key dimensions of CDA policy and consider potential implications of such an approach. Suggestions for future research are offered.

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    Bibliographic Info

    Article provided by Elsevier in its journal Children and Youth Services Review.

    Volume (Year): 32 (2010)
    Issue (Month): 11 (November)
    Pages: 1488-1496

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    Handle: RePEc:eee:cysrev:v:32:y:2010:i:11:p:1488-1496

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    Web page: http://www.elsevier.com/locate/childyouth

    Related research

    Keywords: Assets Wealth Income Children Child development accounts;

    References

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    1. Engelhardt, Gary V., 1996. "House prices and home owner saving behavior," Regional Science and Urban Economics, Elsevier, vol. 26(3-4), pages 313-336, June.
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    3. Zhan, Min, 2006. "Assets, parental expectations and involvement, and children's educational performance," Children and Youth Services Review, Elsevier, vol. 28(8), pages 961-975, August.
    4. Gary S. Becker & Nigel Tomes, 1994. "Human Capital and the Rise and Fall of Families," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 257-298 National Bureau of Economic Research, Inc.
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    9. Chiswick, Barry R, 1988. "Differences in Education and Earnings across Racial and Ethnic Groups: Tastes, Discrimination, and Investments in Child Quality," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 571-97, August.
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    12. Barnard, Wendy Miedel, 2004. "Parent involvement in elementary school and educational attainment," Children and Youth Services Review, Elsevier, vol. 26(1), pages 39-62, January.
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    Cited by:
    1. Huang, Jin & Sherraden, Michael & Purnell, Jason Q., 2014. "Impacts of Child Development Accounts on maternal depressive symptoms: Evidence from a randomized statewide policy experiment," Social Science & Medicine, Elsevier, vol. 112(C), pages 30-38.
    2. Kim, Youngmi & Sherraden, Michael & Clancy, Margaret, 2013. "Do mothers’ educational expectations differ by race and ethnicity, or socioeconomic status?," Economics of Education Review, Elsevier, vol. 33(C), pages 82-94.
    3. Chowa, Gina A.N. & Masa, Rainier D. & Tucker, Jenna, 2013. "The effects of parental involvement on academic performance of Ghanaian youth: Testing measurement and relationships using structural equation modeling," Children and Youth Services Review, Elsevier, vol. 35(12), pages 2020-2030.
    4. Williams Shanks, Trina R. & Robinson, Christine, 2013. "Assets, economic opportunity and toxic stress: A framework for understanding child and educational outcomes," Economics of Education Review, Elsevier, vol. 33(C), pages 154-170.
    5. Beverly, Sondra G., 2013. "Asset building for and by young people," Economics of Education Review, Elsevier, vol. 33(C), pages 52-57.
    6. Chowa, Gina A.N. & Masa, Rainier D. & Wretman, Christopher J. & Ansong, David, 2013. "The impact of household possessions on youth's academic achievement in the Ghana Youthsave experiment: A propensity score analysis," Economics of Education Review, Elsevier, vol. 33(C), pages 69-81.
    7. Destin, Mesmin, 2013. "Integrating resource-based and person-based approaches to understanding wealth effects on school achievement," Economics of Education Review, Elsevier, vol. 33(C), pages 171-178.
    8. Song-Iee Hong & Chang-Keun Han, 2014. "Asset Impacts on Life Satisfaction in an Asset-Rich Country: Focusing on Older Adults in Singapore," Social Indicators Research, Springer, vol. 118(1), pages 125-140, August.
    9. Friedline, Terri & Elliott, William & Chowa, Gina A.N., 2013. "Testing an asset-building approach for young people: Early access to savings predicts later savings," Economics of Education Review, Elsevier, vol. 33(C), pages 31-51.

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