Abstract
This article examines the extent to which family wealth affects the Black-White test score gap for young children based on data from the Panel Study of Income Dynamics (aged 3-12). This study found little evidence that wealth mediated the Black-White test scores gaps, which were eliminated when child and family demographic covariates were held constant. However, family wealth had a stronger association with cognitive achievement of school-aged children than that of preschoolers and a stronger association with school-aged children's math than on their reading scores. Liquid assets, particularly holdings in stocks or mutual funds, were positively associated with school-aged children's test scores. Family wealth was associated with a higher quality home environment, better parenting behavior, and children's private school attendance.
Original language | English (US) |
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Pages (from-to) | 303-324 |
Number of pages | 22 |
Journal | Child development |
Volume | 79 |
Issue number | 2 |
DOIs | |
State | Published - Mar 2008 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Education
- Developmental and Educational Psychology
- Pediatrics, Perinatology, and Child Health