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Parental Wealth and Children’s Cognitive Ability, Mental, and Physical Health: Evidence From the UK Millennium Cohort Study

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  • Moulton, Vanessa
  • Goodman, Alissa
  • Nasim, Bilal
  • Ploubidis, George B.
  • Gambaro, Ludovica

Abstract

This article investigates the influence of wealth, a frequently neglected aspect of the economic circumstances of families, on children’s development. Using the UK Millennium Cohort Study, it explores whether parental wealth (net total wealth, net housing wealth, net financial wealth, and house value) is associated with children’s cognitive ability, mental, and physical health at age 11 (N = 8,645), over and above parental socioeconomic status and economic resources, in particular permanent income. Housing wealth was associated with fewer emotional and behavioral problems, independent of the full set of controls. Children’s verbal cognition and general health were more strongly associated with family permanent income and socioeconomic characteristics than with wealth.

Suggested Citation

  • Moulton, Vanessa & Goodman, Alissa & Nasim, Bilal & Ploubidis, George B. & Gambaro, Ludovica, 2021. "Parental Wealth and Children’s Cognitive Ability, Mental, and Physical Health: Evidence From the UK Millennium Cohort Study," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 92(1), pages 115-123.
    • Handle: RePEc:zbw:espost:233120
    DOI: 10.1111/cdev.13413
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    References listed on IDEAS

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    1. Annamaria Lusardi & Daniel Schneider & Peter Tufano, 2011. "Financially Fragile Households: Evidence and Implications," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 83-150.
    2. Machin, Stephen, 2011. "Houses and schools: Valuation of school quality through the housing market," Labour Economics, Elsevier, vol. 18(6), pages 723-729.
    3. Leventhal, Tama & Newman, Sandra, 2010. "Housing and child development," Children and Youth Services Review, Elsevier, vol. 32(9), pages 1165-1174, September.
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    Cited by:

    1. Mari, Gabriele & Keizer, Renske, 2021. "Do high-income households 'label' family cash transfers? Evidence on family expenditures from Australia," SocArXiv ucyzb, Center for Open Science.

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