Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233120 
Year of Publication: 
2021
Citation: 
[Journal:] Child Development [ISSN:] 0009-3920 [Volume:] 92 [Issue:] 1 [Publisher:] Wiley [Place:] Hoboken [Year:] 2021 [Pages:] 115-123
Publisher: 
Wiley, Hoboken
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.
Persistent Identifier of the first edition: 
Additional Information: 
Open access funding enabled and organized by Projekt DEAL.
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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