This article examines the effect of living in a single-parent family on educational attainment by gender and race. According to household production theory, the reduction in parental resources for human capital investment in children living in a single-parent family should lower their educational attainment. Using matched mother-daughter and mother-son samples from the National Longitudinal Surveys, we constructed precise measures of the age and length of time a child lived in a single-parent family. Empirical findings show that the negative effect of living in a single-parent family (1) increases with the number of years spent in this type of family, (2) is greatest during the preschool years, and (3) is larger for boys than girls.
JEL classification: D14 D12PsycINFO classification: 3900 3920 a b s t r a c t Researchers have become increasingly interested in understanding the sources of heterogeneity in individual financial behaviors. In this paper, we examine how the Big Five personality traits are related to measures of young adults' financial distress. Using data from the National Longitudinal Study of Adolescent to Adult Health in the United States, we find that conscientiousness is negatively correlated, and neuroticism positively correlated with financial distress. These correlations are robust to controlling for early life background and other demographic and socioeconomic factors. Young adulthood sets the stage for financial security in later life; as such, this study provides insight for lifelong financial wellbeing. Based on the empirical results, we discuss potential behavioral and policy interventions that can be used to improve financial wellbeing.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.