This study compares child poverty in seven European countriesGermany, Denmark, Belgium, France, the UK, Italy, and Spain, between 1994 and 2000, identifying both macro-and the micro-level conditions thought to contribute to child poverty in each of the countries. The paper analyses correlates of child poverty in the chosen countries and offers comparative analyses across countries and regions of the European Union. In doing so, I try to build up a multilevel theory of child poverty, i.e. a micro-macro theory in which the levels interact with each other. This is done via the so-called Coleman's boat. Within such a framework, the concept of endowment is formulated and applied to account for child poverty risks. The parents' endowment is defined as a set of material and nonmaterial resources transmitted by the macro environment in which they live, accumulated or used by them in the past, made available as well as unavailable by other individuals' actions and mediated by the individuals' desires and beliefs. I claim that parental and household endowments play a major role in explaining child poverty risks, particularly if we assume that a child is poor when he or she lives in a poor household. Parents with access to a strong endowment can resort to such resources to prevent the risk of poverty for their dependent children. On the contrary, weak endowments may expose the children to higher poverty risks. We find that in Denmark, for example, the macro-level resources come into play at the micro-level and mediate the relation between child poverty risks as a function of parents' endowments and well-being outcomes. As a result, the macro structure of social risks is not reproduced in the configuration of well-being macro outcomes. In Italy and Spain, on the other hand, evidence is stronger for an intergenerational transmission of poverty.