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dc.contributor.authorBERNARDI, Fabrizio
dc.contributor.authorBOERTIEN, Diederik
dc.contributor.authorGEVEN, Koen
dc.date.accessioned2020-02-10T16:07:30Z
dc.date.available2020-02-10T16:07:30Z
dc.date.issued2019
dc.identifier.citationJournal of marriage and family, 2019, Vol. 81, No. 1, pp. 230-247en
dc.identifier.issn0022-2445
dc.identifier.issn1741-3737
dc.identifier.urihttps://hdl.handle.net/1814/66000
dc.descriptionFirst published:03 August 2018en
dc.description.abstractObjective: The aim of this article is to document how childhood family structure is related to the accumulation of wealth. Background: Childhood family structure is a commonly studied determinant of child and adult outcomes, but little is known about its effects on wealth accumulation. Wealth is affected by a wide variety of factors, including human capital formation, family dynamics, and intergenerational transfers. Studying wealth therewith sheds light on how childhood family structure relates to the accumulation of advantages across life. Method: Data from the 1979 National Longitudinal Survey of Youth (N = 7,066) are employed to document wealth differences at ages 47 to 55. Growth curve models are estimated to understand at what ages these differences emerge. Results: A median wealth penalty of at least $61,600 at ages 47 to 55 is observed for individuals who did not live continuously with both parents from birth to age 18, depending on the alternative childhood family trajectory considered. A subsequent mediation analysis of the "wealth penalty" related to the permanent departure of a parent from the household during childhood points at human capital formation and own family dynamics as the primary channels through which wealth differences are produceden
dc.description.abstractintergenerational transfers matter rather less. Conclusion: Childhood family structure has moderate effects on multiple different life domains that accrue during the life course and collectively add up to a more considerable penalty in wealth.en
dc.description.sponsorshipEuropean Union (EU)en
dc.description.sponsorshipBeatriu de Pinos program of the Generalitat de Catalunya [2016-BP-00121]en
dc.description.sponsorshipEQUALIZE project [637768]en
dc.language.isoen
dc.publisherWileyen
dc.relation320116
dc.relation.ispartofJournal of marriage and familyen
dc.subjecteconomic well-beingen
dc.subjectfamily dynamicsen
dc.subjectfamily structureen
dc.subjectinequalitiesen
dc.subjectintergenerationalen
dc.titleChildhood family structure and the accumulation of wealth across the life courseen
dc.typeArticle
dc.identifier.doi10.1111/jomf.12523
dc.identifier.volume81
dc.identifier.startpage230
dc.identifier.endpage247
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dc.identifier.issue1


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