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Timing of Family Income, Borrowing Constraints and Child Achievement

  • Maria Knoth Humlum

    ()

    (School of Economics and Management, University of Aarhus, Denmark)

In 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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File URL: ftp://ftp.econ.au.dk/afn/wp/08/wp08_12.pdf
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Paper provided by School of Economics and Management, University of Aarhus in its series Economics Working Papers with number 2008-12.

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Length: 31
Date of creation: 01 Oct 2008
Date of revision:
Handle: RePEc:aah:aarhec:2008-12
Contact details of provider: Web page: http://www.econ.au.dk/afn/

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  1. Elizabeth Caucutt & Lance Lochner, 2004. "Early and Late Human Capital Investments, Credit Constraints, and the Family," 2004 Meeting Papers 129, Society for Economic Dynamics.
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  12. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-90, October.
  13. Gordon B. Dahl & Lance Lochner, 2005. "The Impact of Family Income on Child Achievement," NBER Working Papers 11279, National Bureau of Economic Research, Inc.
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