What makes a successful life? The role of financial deprivation

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Time: 11.00am - 12.00pm
Venue: Sir Frank Lampl Building Room 2001, Kingston Hill campus, Kingston Hill, Kingston upon Thames, Surrey KT2 7LB
Price: free
Speaker(s): Professor Andrew Clark from Kingston University Business School/Paris School of Economics.

The DART Research Group are pleased to host Professor Andrew Clark from Kingston University Business School/Paris School of Economics.

Abstract

We here consider the adult cognitive and non-cognitive consequences of growing up with a mother who reported major financial problems. Data from the Avon Longitudinal Study of Parents and Children show that mother's major financial problems are associated with worse cognitive and non-cognitive outcomes in adolescence, even after controlling for both income and a set of standard variables. Further, the size of the major financial problems effect is larger than that of income. Distinguishing by child age when the problems occurred, we find larger effect on physical health for problems in early childhood, with on the contrary a sharper effect on educational outcomes for financial problems in later childhood.

Biography

Andrew Clark holds a PhD from the London School of Economics. He is currently a CNRS Research Professor at the Paris School of Economics (PSE), and previously held posts at Dartmouth, Essex, CEPREMAP, DELTA, the OECD and the University of Orléans.

In addition to his Paris position, he is research associate at the London School of Economics, IZA (Bonn), Aarhus School of Business, and the Rimini Centre for Economic Analysis. He is on the Editorial Board of nine journals, and has acted as referee for more than 130 different journals in economics, sociology, psychology and statistics.

Andrew is a member of a highly influential group of happiness economists that include Richard Layard, Bruno Frey, Bernard van Praag, and Andrew Oswald.

For further information about this event:

Contact: Professor Gaëlle Vallée-Tourangeau
Email: G.Vallee-Tourangeau@kingston.ac.uk