Timing of family income, borrowing constraints, and child achievement
AbstractIn this paper, I investigate the effects of the timing of family income on child achievement production. Detailed administrative data augmented with PISA test scores at age 15 are used to analyze the effects of the timing of family income on child achievement. Contrary to many earlier studies, tests for early borrowing constraints suggest that parents are not constrained in early investments in their children's achievement, and thus that the timing of income does not matter for long-term child outcomes. This is a reasonable result given the setting in a Scandinavian welfare state with generous child and education subsidies. Actually, later family income (age 12-15) is a more important determinant of child achievement than earlier income.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 24 (2011)
Issue (Month): 3 (July)
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Other versions of this item:
- Maria Knoth Humlum, 2008. "Timing of Family Income, Borrowing Constraints and Child Achievement," Economics Working Papers 2008-12, School of Economics and Management, University of Aarhus.
- I2 - Health, Education, and Welfare - - Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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