Sheraton Uptown, Albuquerque, NM, USA
Sunday, April 23 • 1:00pm - 2:30pm
E3C-The Influence of Childhood Experiences on the Financial Capability of Young Adults

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Childhood economic conditions influence many outcomes later in life, including human capital formation, economic mobility, and health. Parent and caregiver behavior provide a model for decision making in early adulthood. This study uses data from the Panel Study of Income Dynamics' (PSID); Child Development and Transition to Adulthood Supplements to analyze the influence of childhood financial experiences and conditions on the ability to manage money in adulthood.   The panel structure of the data allows for analysis of the influence of temporary versus persistent childhood financial conditions. The addition of data on state policy from 1970-2014 that requires or suggests that financial education or economics be taught in high school allow us to estimate the impact of these courses on financial independence and skills as an adult.

Speakers & Presenters

J. Michael Collins

University of Wisconsin, Madison

Madelaine Reid L'Esperance

Doctoral Student, University of Wisconsin-Madison

Cliff A Robb

Associate Professor, University of Wisconsin

Sunday April 23, 2017 1:00pm - 2:30pm

Attendees (6)