Includes bibliographical references (pages 211-221) and index.
1. Introduction -- 2. America's Response to Poverty -- 3. How Rich and Poor Children Differ -- 4. Conventional Estimates of the Effect of Income -- 5. The "True" Effect of Income -- 6. Income and Material Well-Being -- 7. Income, Psychological Well-Being, and Parenting Practices -- 8. More Evidence on the "True" Effect of Income -- 9. Helping Poor Children -- App. A. Description of the Samples and Variables -- App. B. Conventional Estimates of the Effect of Income -- App. C. The "True" Effect of Income -- App. D. Index Construction -- App. E. More Evidence on the "True" Effect of Income.
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Children from poor families generally do a lot worse than children from affluent families. They are more likely to develop behavioural problems, to score lower on standard tests, and to become adults in need of public assistance. This book asks whether income directly affects children's life chances, or if the factors that cause parents to have a low income also impede their children's life chances. The question of causation is explored, comparing the value of income from different sources, to determine if the value of a dollar from welfare is as high as the value of a dollar from wages. Parents' income after an event, such as teenage childbearing, is also investigated in order to establish whether it can predict that event, if so this suggests that income is a proxy for unmeasured characteristics that affect both income and the event. The author also compares children living in states that pay high welfare benefits to those with low benefits.
What money can't buy.
What money can not buy
Umschulungswerkstätten für Siedler und Auswanderer, Bitterfeld