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Assets and child well-being in developed countries

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  • Williams Shanks, Trina R.
  • Kim, Youngmi
  • Loke, Vernon
  • Destin, Mesmin
Abstract
Although there is no universal approach to offering Child Development Accounts (CDAs), this paper introduces a framework for an age-based conceptual model that describes how such accounts might influence indicators of child well-being. With a focus on optimal age-appropriate development beginning at birth and ranging through young adulthood, the model incorporates research from multiple disciplines to include direct effects, indirect effects and critical milestones. We review empirical evidence from national datasets (primarily from the United States, but including research from other developed countries) to provide a context for this framework. This conceptual and empirical backdrop provides a starting point from which to critique key dimensions of CDA policy and consider potential implications of such an approach. Suggestions for future research are offered.

Suggested Citation

  • Williams Shanks, Trina R. & Kim, Youngmi & Loke, Vernon & Destin, Mesmin, 2010. "Assets and child well-being in developed countries," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1488-1496, November.
    • Handle: RePEc:eee:cysrev:v:32:y:2010:i:11:p:1488-1496
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    Cited by:

    1. Destin, Mesmin, 2013. "Integrating resource-based and person-based approaches to understanding wealth effects on school achievement," Economics of Education Review, Elsevier, vol. 33(C), pages 171-178.
    2. Garbero, Alessandra & Songsermsawas, Tisorn, 2017. "How Much have Agricultural Projects Contributed to Economic Mobility and Food Security in China?," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258097, Agricultural and Applied Economics Association.
    3. Chen, Yongjin & Zhi, Kuiyun & Huang, Jin, 2021. "Family Savings and Children’s Non-Cognitive and Cognitive Development: Evidence from China," Children and Youth Services Review, Elsevier, vol. 130(C).
    4. Williams Shanks, Trina R. & Robinson, Christine, 2013. "Assets, economic opportunity and toxic stress: A framework for understanding child and educational outcomes," Economics of Education Review, Elsevier, vol. 33(C), pages 154-170.
    5. Fu, Yao & Jordan, Lucy P. & Zhou, Xiaochen & Chow, Cheng & Fang, Lue, 2023. "Longitudinal associations between parental migration and children's psychological well-being in Southeast Asia: The roles of caregivers' mental health and caregiving quality," Social Science & Medicine, Elsevier, vol. 320(C).
    6. Friedline, Terri & Elliott, William & Chowa, Gina A.N., 2013. "Testing an asset-building approach for young people: Early access to savings predicts later savings," Economics of Education Review, Elsevier, vol. 33(C), pages 31-51.
    7. Fang, Shu & Huang, Jin & Wu, Shiyou & Jin, Minchao & Kim, Youngmi & Henrichsen, Courtney, 2020. "Family assets, parental expectation, and child educational achievement in China: A validation of mediation analyses," Children and Youth Services Review, Elsevier, vol. 112(C).
    8. Kim, Youngmi & Sherraden, Michael & Clancy, Margaret, 2013. "Do mothers’ educational expectations differ by race and ethnicity, or socioeconomic status?," Economics of Education Review, Elsevier, vol. 33(C), pages 82-94.
    9. Chowa, Gina A.N. & Masa, Rainier D. & Tucker, Jenna, 2013. "The effects of parental involvement on academic performance of Ghanaian youth: Testing measurement and relationships using structural equation modeling," Children and Youth Services Review, Elsevier, vol. 35(12), pages 2020-2030.
    10. Adams, Deborah & Nam, Yunju & Williams Shanks, Trina R. & Hicks, Sarah & Robinson, Christine, 2010. "Research on assets for children and youth: Reflections on the past and prospects for the future," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1617-1621, November.
    11. Fang, Shu & Huang, Jin & Curley, Jami & Birkenmaier, Julie, 2018. "Family assets, parental expectations, and children educational performance: An empirical examination from China," Children and Youth Services Review, Elsevier, vol. 87(C), pages 60-68.
    12. Song-Iee Hong & Chang-Keun Han, 2014. "Asset Impacts on Life Satisfaction in an Asset-Rich Country: Focusing on Older Adults in Singapore," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(1), pages 125-140, August.
    13. Ismayilova, Leyla & Ssewamala, Fred & Huseynli, Aytakin, 2014. "Reforming child institutional care in the Post-Soviet bloc: The potential role of family-based empowerment strategies," Children and Youth Services Review, Elsevier, vol. 47(P2), pages 136-148.
    14. Beverly, Sondra G. & Kim, Youngmi & Sherraden, Michael & Nam, Yunju & Clancy, Margaret, 2015. "Can Child Development Accounts be inclusive? Early evidence from a statewide experiment," Children and Youth Services Review, Elsevier, vol. 53(C), pages 92-104.
    15. Huang, Jin & Sherraden, Michael & Purnell, Jason Q., 2014. "Impacts of Child Development Accounts on maternal depressive symptoms: Evidence from a randomized statewide policy experiment," Social Science & Medicine, Elsevier, vol. 112(C), pages 30-38.
    16. Chowa, Gina A.N. & Masa, Rainier D. & Wretman, Christopher J. & Ansong, David, 2013. "The impact of household possessions on youth's academic achievement in the Ghana Youthsave experiment: A propensity score analysis," Economics of Education Review, Elsevier, vol. 33(C), pages 69-81.
    17. Shiyou Wu & Mimi V. Chapman & Meihua Zhu & Xiafei Wang, 2020. "Household Assets, the Role of Government Assistance, and Depression Among Low-Income Families in Shanghai," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(2), pages 571-584, June.
    18. Kim, Youngmi & Huang, Jin & Sherraden, Michael & Clancy, Margaret, 2017. "Child Development Accounts, parental savings, and parental educational expectations: A path model," Children and Youth Services Review, Elsevier, vol. 79(C), pages 20-28.
    19. Cyprian Misinde, 2017. "“An Intrinsic characteristics and Value of Poverty Indicators”: a New Method for Deriving Child Living Condition Scores and Poverty, in Uganda," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 10(1), pages 141-170, March.
    20. Terri Friedline & Ilsung Nam & Vernon Loke, 2014. "Households’ Net Worth Accumulation Patterns and Young Adults’ Financial Health: Ripple Effects of the Great Recession?," Journal of Family and Economic Issues, Springer, vol. 35(3), pages 390-410, September.
    21. Kim, Youngmi & Sherraden, Michael, 2011. "Do parental assets matter for children's educational attainment?: Evidence from mediation tests," Children and Youth Services Review, Elsevier, vol. 33(6), pages 969-979, June.
    22. Beverly, Sondra G., 2013. "Asset building for and by young people," Economics of Education Review, Elsevier, vol. 33(C), pages 52-57.
    23. Sophie Leontopoulou & Michael Chletsos, 2023. "Intergenerational Social Mobility and Youth Well-Being in the Context of the Greek Socio-Economic Crisis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(1), pages 333-353, January.

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