Parental wealth in childhood and its relationship with children’s development and predictors of wealth in adult life

Background

Using data from three of our cohort studies, this project aims to understand how parents’ long-term financial position shapes their children’s outcomes from an early stage. This is part of the Cross Cohort Research Programme.

Research details

Project title

Parental wealth in childhood and its relationship with children’s development and predictors of wealth in adult life

Project leads

Vanessa Moulton

Bilal Nasim

Themes

Employment, income and wealth

Family and social networks

Housing and local environment

Poverty

Social mobility

Dates

1 October 2015 – December 2018

Funder

ESRC

Summary

For the first time in the history of the UK birth cohort studies, a short measure of parents’ financial assets and debts is available in childhood (Millennium Cohort Study (MCS), age 11 survey), alongside measures of income. This will prove a valuable source of information about social mobility in the future. It also provides an immediate opportunity to understand how parents’ long-term financial position shapes their children’s outcomes from an early stage.

This project will use data from the National Child Development Study and 1970 British Cohort Study as well as the MCS.

Findings from this work will be compared to results from models using measures of family income. As a result, policy conclusions will be drawn, such as relating to measuring child poverty and on appropriate policy levers for improving child outcomes and increasing social mobility.

Outputs

Presentation

Wealth and Social Mobility- Impact Partner Workshop

The research team gave a project update to the Resolution Foundation, Equality Trust, Social Mobility Commission, Save the Children and others at an impact workshop.

Presentation

Parental wealth and children's outcomes

In November 2017, the research team presented findings from this project at the CLOSER conference, Inequalities: a longitudinal perspective.

Researchers

Vanessa Moulton Research Associate

Phone: 020 7612 6288
Email: vanessa.moulton@ucl.ac.uk

Vanessa is currently working on the initial findings for the most recent age 14 sweep of the Millennium Cohort Study. She also works on the CLS Cross-Cohort Research Program (CCRP) investigating social mobility, focusing on parental wealth on children’s development and school curriculum on educational transitions. In addition, Vanessa co-coordinates the CLS cohort workshops and webinars.

Her research interests include using longitudinal and secondary data analysis to examine early life course on children’s and adult mental health, educational and socio-economic outcomes.

Bilal Nasim UCL Institute of Education

View Bilal’s biography on the Institute of Education website here.

Ludovica Gambaro Marie Skodowska-Curie Fellow, DIW Berlin

Email: l.gambaro@ucl.ac.uk

Ludovica worked in CLS from 2013 to 2016, mainly on the Millennium Cohort Study and she continues to collaborate with researchers in CLS.

Her main areas of interest are inequalities in child development, early childhood education and care services, residential mobility.

Alissa Goodman Director of CLS, Professor of Economics and Principal Investigator of the National Child Development Study

Phone: 020 7612 6231
Email: alissa.goodman@ucl.ac.uk

Alissa is Director of the Centre for Longitudinal Studies, leading the work of the Centre across all of its scientific and operational teams. Alissa is also Principal Investigator of the 1958 National Child Development Study (NCDS), leading the team responsible for developing its content, design and analysis.

Alissa is an economist whose main research interests relate to inequality, poverty, education policy, and the intergenerational transmission of health and well-being.  In her previous employment, she served as deputy director of the Institute for Fiscal Studies.

George Ploubidis Professor of Population Health and Statistics, Research Director & Chief Statistician

Phone: 020 7612 6107
Email: g.ploubidis@ucl.ac.uk

George is Professor of Population Health and Statistics at the Department of Social Science and currently holds the posts of Research Director and Chief Statistician at the Centre for Longitudinal Studies. Prior to joining UCL he held posts at the London School of Hygiene and Tropical Medicine and the University of Cambridge.

George is a multidisciplinary Quantitative Social Scientist with a primary interest in socio-economic, demographic and macrosocial/structural determinants of population health and the mechanisms that link these over the life course. He leads the Applied Statistical Methods programme at the Centre for Longitudinal Studies and is PI on the ESRC funded Cross-Cohort Research Programme,investigating determinants of healthy behaviours and lifestyles and the intergenerational transmission of economic status over the life course.

Relevant studies

Contact us

Centre for Longitudinal Studies
UCL Institute of Education

20 Bedford Way
London WC1H 0AL

Email: clsfeedback@ucl.ac.uk