The Effect of Parental Joblessness on Children’s Subjective Academic Achievement

Abstract

This article examines the effect of parental joblessness on children’s subjective academic achievement using the Korean Children and Youth Panel Survey 2018 (KCYPS 2018). Given the different roles of fathers and mothers in the household, the impact of fathers’ and mothers’ joblessness was investigated separately. I also examined whether this impact differed depending on the children’s gender, age, and residential area. Fixed-effects results show that paternal joblessness has a negative effect on children’s subjective academic achievement. This impact is particularly evident among female children, younger children, and children living in non-metropolitan areas. Analyzing the mechanism behind these results, I found that the negative effects of fathers’ joblessness are due to increased stress in children rather than reduced investment in children’s education. These results suggest the need for more comprehensive support programs for people who lose their jobs.