or
Sign in to turn on 1-Click ordering.
or
Amazon Prime Free Trial required. Sign up when you check out. Learn More
More Buying Choices
Have one to sell? Sell yours here
What Money Can't Buy: Family Income and Children's Life Chances
 
 
Tell the Publisher!
I'd like to read this book on Kindle

Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.

What Money Can't Buy: Family Income and Children's Life Chances [Paperback]

Susan E. Mayer (Author)

List Price: $29.00
Price: $27.84 & this item ships for FREE with Super Saver Shipping. Details
You Save: $1.16 (4%)
  Special Offers Available
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.
Want it delivered Monday, January 30? Choose One-Day Shipping at checkout. Details
Textbook Student FREE Two-Day Shipping for Students. Learn more

Formats

Amazon Price New from Used from
Hardcover $62.50  
Paperback $27.84  

Book Description

0674587340 978-0674587342 September 15, 1998

Children from poor families generally do a lot worse than children from affluent families. They are more likely to develop behavior problems, to score lower on standardized tests, and to become adults in need of public assistance.

Susan Mayer asks whether income directly affects children's life chances, as many experts believe, or if the factors that cause parents to have low incomes also impede their children's life chances. She explores the question of causation with remarkable ingenuity. First, she compares the value of income from different sources to determine, for instance, if a dollar from welfare is as valuable as a dollar from wages. She then investigates whether parents' income after an event, such as teenage childbearing, can predict that event. If it can, this suggests that income is a proxy for unmeasured characteristics that affect both income and the event. Next she compares children living in states that pay high welfare benefits with children living in states with low benefits. Finally, she examines whether national income trends have the expected impact on children. Regardless of the research technique, the author finds that the effect of income on children's outcomes is smaller than many experts have thought.

Mayer then shows that the things families purchase as their income increases, such as cars and restaurant meals, seldom help children succeed. On the other hand, many of the things that do benefit children, such as books and educational outings, cost so little that their consumption depends on taste rather than income. Money alone, Mayer concludes, does not buy either the material or the psychological well-being that children require to succeed.


Special Offers and Product Promotions

  • Buy $50 in qualifying physical textbooks, get $5 in Amazon MP3 Credit. Here's how (restrictions apply)

Frequently Bought Together

Customers buy this book with Consequences of Growing Up Poor $18.96

What Money Can't Buy: Family Income and Children's Life Chances + Consequences of Growing Up Poor
  • This item: What Money Can't Buy: Family Income and Children's Life Chances

    In Stock.
    Ships from and sold by Amazon.com.
    This item ships for FREE with Super Saver Shipping. Details

  • Consequences of Growing Up Poor

    In Stock.
    Ships from and sold by Amazon.com.
    Eligible for FREE Super Saver Shipping on orders over $25. Details



Editorial Reviews

From Library Journal

Mayer (Harris Graduate Sch. of Public Policy Studies, Univ. of Chicago) agrees that family income is correlated with children's outcomes, in terms of infant deaths, educational attainment and test scores, teenage pregnancy, and unemployment and income as adults. She argues, however, that this is the result of hidden factors associated with parents that affect both parental income and children's outcomes. After reviewing previous studies and presenting numerous statistical analyses that attempt to uncover previously unmeasured factors, Mayer concludes that parental income matters little to children's outcomes?both because most children already are provided with adequate food, shelter, and other material goods and because raising parental income does not significantly alter the parental characteristics that matter to children's outcomes. This well-argued book will surely become fodder in political debates concerning welfare programs. For academic and larger public libraries.?A.J. Sobczak, formerly with California State Univ., Northridge
Copyright 1997 Reed Business Information, Inc. --This text refers to the Hardcover edition.

Review

Everyone involved in 'welfare reform' could usefully read What Money Can't Buy, a study by economist Susan Mayer of the University of Chicago. Its message is somber: as a society, we are fairly helpless to correct the worst problems of child poverty. This is not a new insight, but by confirming it, Mayer discredits much of the welfare debate's overwrought rhetoric. `Welfare reform' may raise or lower poverty a bit (we can't say which), but neither its supposed virtues nor its alleged vices are powerful enough to alter the status quo dramatically. What's impressive about Mayer's study is that it contradicts both her politics and her history...[and] demolishes much of the welfare debate's rhetorical boilerplate, liberal and conservative.
--Robert J. Samuelson (Newsweek )

Mayer's findings make a useful--and sometimes surprising--contribution to the long and painful debate over welfare reform and its iffy implementation...More money does help the children of poor families, Mayer concedes. But the effect is considerably less--and more complicated--than is generally thought, even among social scientists, her research shows...The results of her extensive research--appendices, references, and notes make up almost one third of the book--show that 'once children's basic material needs are met, characteristics of their parents become more important to how they turn out than anything additional money can buy.
--Joan Beck (Chicago Tribune )

[Mayer] explores a social-science conundrum that has been near the center of the technical policy debate for 30-odd years...Some of her [social science] innovations are important contributions to the art...[Her] analysis indicates that more income transfers are not going to do much about the life chances of the children whose current life chances she properly deplores. The details of her findings will be argued by policy analysts of all stripes...[but] to transgress those [political] boundaries has required an independence of spirit...[and] Mayer has made it a bit easier for more young scholars to question the orthodoxy.
--Charles Murray (Washington Times )

[In What Money Can't Buy, Susan Mayer] developed a statistical model that predicted what would happen to children's prospects if poor families' incomes were increased from $15,000 to $30,000 a year. The surprising answer is: not much. Ms Mayer found that although doubling the income of poor families would lift most children above the poverty line, it would have virtually no effect on their test scores and only a slight effect on social behaviour...There are two reasons for this. First, Ms Mayer notes that the extra money tends to be spent on such things as restaurant meals, clothes, dishwashers, roomier houses or second cars, none of which matters much in helping children succeed in school or life...Second, good parenting has much in common with being a good worker. In both roles, the reward goes to diligence, determination, good health, willingness to co-operate, and so on. Children with parents who possess these qualities tend to do well in life, even if mother and father do not make much money. (Economist )

A major accomplishment that merits and will almost certainly receive the attention of social scientists, policymakers, and the general public. Mayer has identified a central policy issue and examined it carefully and without flinching from many angles. It is not likely to be the last word on the relationship between family income and children's outcomes...Like most important books, it will redefine the terms of the debate about the effects of family income on child outcomes. Whether one agrees with its conclusions or not, they cannot be ignored.
--Saul D. Hoffman (Contemporary Sociology )

This well-argued book will surely become fodder in political debates concerning welfare programs. (Library Journal )

Product Details


More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews


There are no customer reviews yet.
Video reviews
Video reviews
Amazon now allows customers to upload product video reviews. Use a webcam or video camera to record and upload reviews to Amazon.



Inside This Book (learn more)
Browse and search another edition of this book.
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
stable parental characteristics, income influences children, unmeasured parental characteristics, male idleness, living conditions index, multipurpose policies, increasing parental income, thrifty food budget, two times the poverty line, unobserved parental characteristics, control household size, state benefit levels, real federal expenditures, median child, household living conditions, high welfare benefits, welfare benefit levels, county unemployment rate, possessions index, doubling income, parental traits, poverty ratio, cognitive test scores, parental trust, affluent children
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Timothy Veenstra, David Knutson, Head Start, New Jersey, Bureau of the Census, First Second Second Third Fourth Fifth, Sample Children, Social Security Act
New!
Concordance | Text Stats
Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Search Inside This Book:


Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 

Your tags: Add your first tag
 

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more

Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 


Active discussions in related forums
Search Customer Discussions
Search all Amazon discussions
   
Related forums


Listmania!


Create a Listmania! list

So You'd Like to...


Create a guide


Look for Similar Items by Category


Look for Similar Items by Subject