Volume 38, Number 2 (Spring) 2003
Aughinbaugh, Alison, and Maury Gittleman. 2003. "Does Money Matter? A Comparison of the Effect of Income on Child Development in the United States and Great Britain." Journal of Human Resources 38(2):416-440.
In this paper, we examine the effect of income on child development in the United States and the United Kingdom, as measured by scores on cognitive, behavioral, and social assessments. In line with previous results for the United States, we find that for both countries income generally has an effect on child development that is positive and significant, but whose size is small relative to other family background variables.
Alison Aughinbaugh and Maury Gittleman are research economists at the U.S. Bureau of Labor Statistics. This work does not reflect the opinions of the U.S. Bureau of Labor Statistics or any of its other staff members. An earlier version of the paper was presented at the conference on "Cross-National Comparative Research Using Panel Surveys," held at the University of Michigan, October 26-27, 2000. The authors are grateful to Joe Hotz, as well as to two anonymous referees for helpful comments and to Maureen Conway for valuable insights. The authors claim responsibility for all errors. The data used in this article can be obtained beginning November 2003 through October 2006 from Alison Aughinbaugh, 2 Massachusetts Ave. NE, Room 4945, Washington, DC 20212.
© 2003 by the Board of Regents of the University of Wisconsin System
US ISSN 0022-166X