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Family Savings and Children’s Non-Cognitive and Cognitive Development: Evidence from China

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  • Chen, Yongjin
  • Zhi, Kuiyun
  • Huang, Jin

Abstract

Previous research has found positive correlations of family assets with children’s cognitive and non-cognitive development in separate studies. The association between family assets and children’s cognitive development is mediated by parental engagement in education. Using a sample (N = 3,435) from a nationally representative household survey in China, we examine whether family savings for children are associated with parental engagement as well as children’s non-cognitive and cognitive development. Children’s self-control scores and academic performance are used to measure their non-cognitive and cognitive development. Consistent with prior literature, results suggest that family savings for children are positively associated with all three dependent variables: parental engagement in education, children’s self-control, and academic performance. In addition, parental engagement in education is a mediator between family savings and child development. The association between family savings and children’s cognitive development is also partially mediated by their non-cognitive development. Practice and policy implications are discussed.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:cysrev:v:130:y:2021:i:c:s0190740921003042
    DOI: 10.1016/j.childyouth.2021.106228
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    References listed on IDEAS

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