Using data from three of our cohort studies, this project aimed to understand how parents’ long-term financial position shapes their children’s outcomes from an early stage. This was part of the Cross Cohort Research Programme.
Parental wealth in childhood and its relationship with children’s development and predictors of wealth in adult life
Employment, income and wealth
Family and social networks
Housing and local environment
1 October 2015 – December 2018
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 used data from the National Child Development Study and 1970 British Cohort Study as well as the MCS.
Findings from this work were 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.
Phone: 020 7612 6288
Vanessa is a psychologist, with a strong interest in multidisciplinary social science. Her research interests include using longitudinal and secondary data analysis to examine the influence of the earlier life course on children’s and adult mental health, cognitive, educational and socio-economic outcomes. In addition, Vanessa co-coordinates the CLS cohort training workshops and webinars.
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.
Phone: 020 7612 6231
Alissa Goodman is Professor of Economics, Director of the Centre for Longitudinal Studies, and Co-Director of the Early Life Cohort Feasibility Study, a project funded by ESRC to test the feasibility of a new birth cohort for the UK. She is a Co-Investigator on two further new national cohort projects, Children of the 2020s and the COVID Social Mobility & Opportunities Study. Alissa joined CLS in 2013 as PI of the 1958 National Child Development Study, having previously worked at the Institute for Fiscal Studies, where she served as its Deputy Director (2006-2012), and Director of its Education and Skills research sector.
Alissa’s main research interests relate to inequality, poverty, education policy, and the intergenerational transmission of health and wellbeing. Alissa was awarded a CBE for services to social science in 2021.
Phone: 020 7612 6107
George is Professor of Population Health and Statistics at the UCL Social Research Institute and currently holds the posts of Research Director and Principal Investigator of the National Child Development Study and 1970 British Cohort Study 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 and a longitudinal population surveys methodologist. His main research interests relate to socioeconomic and demographic determinants of health over the life course and the mechanisms that underlie generational differences in health and mortality. His methodological work in longitudinal surveys focusses on applications for handling missing data, causal inference and measurement error.
The most recent of Britain's cohort studies, following 19,000 young people born in the UK at the start of the new century.
Following the lives of 17,000 people born in a single week in 1958 in Great Britain.
Following the lives of 17,000 people born in a single week in 1970 in Great Britain.