Incomes and Outcomes in Early Childhood
Prior research has identified statistically significant but small income effects for children’s cognitive, language, and social outcomes. We examine the impact of family economic resources on developmental outcomes in early childhood, the stage of life during which developmental psychologists have suggested income effects should be largest. Using participants from the NICHD Study of Early Child Care, we estimate income effects that are comparable in absolute terms to those reported in previous research. Relative income effect sizes are found to have practical significance, however, both within our sample, and compared to participation in Early Head Start.
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- Heckman, James & Singer, Burton, 1984. "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data," Econometrica, Econometric Society, vol. 52(2), pages 271-320, March.
- Mroz, Thomas A., 1999. "Discrete factor approximations in simultaneous equation models: Estimating the impact of a dummy endogenous variable on a continuous outcome," Journal of Econometrics, Elsevier, vol. 92(2), pages 233-274, October.
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