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5 - Why Does Money Matter for Children’s Development?

New Analysis Addressing the Gaps

Published online by Cambridge University Press:  09 January 2026

Natasha J. Cabrera
Affiliation:
University of Maryland, College Park
Ronald B. Mincy
Affiliation:
Columbia University, New York
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Summary

This chapter describes new analysis we conducted to address the question about how money, and mothers’ and fathers’ love affect children in families in which the father is stably resident and nonresident during children’s early years. Most of the literature reviewed for this book addresses either the money story OR the love story, but rarely, if ever, both. Our analyses address the gaps and offer a preliminary glimpse into how men’s ability to support their children financially and their and mothers’ ability to have positive and nurturing relationships with their children contribute to their wellbeing. We find empirical support that both: love and money.

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