Chapter 9 Poverty Early Experience
Chapter 9 Poverty Early Experience
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Luciane R. Piccolo
Kimberly G. Noble
tional variables such as tax payments, work ex- rates (Brooks-Gunn & Duncan, 1997).
penses, and governmental assistance, adjusted Indeed, longitudinal data suggest that the
for geographic differences, has been proposed SES gap in cognitive development and academ-
(Wimer, Nam, Waldfogel, & Fox, 2016). Using ic achievement tends to emerge early in child-
this new measure, it was observed that child- hood and to widen throughout the elementary
hood poverty in the United States has been school years. For example, the British Cohort
reduced over the past 50 years, mainly due to Study followed 17,200 children ages 2–10 in
governmental initiatives, but substantial dis- the United Kingdom. In a compelling analysis,
parities in the risk of poverty still remain by Feinstein (2003) demonstrated that children
education level and family structure (Wimer from socioeconomically advantaged homes
et al., 2016). Regardless, growing up in pov- who were performing at the 10th percentile on
157
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158 I I . R isk and P rotective F actors
a measure of cognitive development at age 2 nitive tests to children, with each task designed
tended to show increases in their cognitive abil- to evaluate a particular brain function. Results
ities, relative to other children of the same age, across studies have been remarkably consistent,
over the course of childhood; by age 10, these suggesting particularly robust socioeconomic
children’s cognitive performance was slightly disparities from early childhood through ado-
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above average. In contrast, children who start- lescence in language skills, memory, and ex-
ed out at the 90th percentile at age 2 and came ecutive function. For example, in one sample,
from socioeconomically disadvantaged homes by the start of school, children from higher
tended to show much smaller gains over the socioeconomic backgrounds tended to out-
course of childhood; by age 10, these children perform their peers from more disadvantaged
were performing somewhat below average. backgrounds in language, memory, and execu-
These findings imply that by age 10, child fam- tive functions, with effect sizes ranging from
ily socioeconomic circumstances are a better 0.25 to 0.50 standard deviations (Noble, Mc-
predictor of cognitive development than early Candliss, & Farah, 2007). Similar findings have
cognitive skills. been replicated in many laboratories across
The factors that have contributed to this gap the United States and in quite a few countries
in cognition are likely multifactorial and may around the world (Arán-Filippetti, 2012; Ardila,
be partly explained in terms of differences in Rosselli, Matute, & Guajardo, 2005; Farah et
nutrition (Black, 2008; Kant & Graubard, 2012; al., 2006; Fernald, Weber, Galasso, & Ratsifan-
Nyaradi, Li, Hickling, Foster, & Oddy, 2013), drihamanana, 2011; Fluss et al., 2009; Hackman
prenatal care (Jedrychowski et al., 2009), peri- & Farah, 2009; Hackman, Farah, & Meaney,
natal complications (De Haan et al., 2006), 2010; Hanson, Chandra, Wolfe, & Pollak, 2011;
gestational age (Noble, Fifer, Rauh, Nomura, Lipina et al., 2013; Noble & McCandliss, 2005;
& Andrews, 2012), drug exposure (Rauh et al., Piccolo, Arteche, Fonseca, Grassi-Oliveira, &
2004), the home language environment (Hart Salles, 2016; Raizada & Kishiyama, 2010; Vil-
& Risley, 1995; Melvin et al., 2017; Suskind et laseñor, Sanz Martín, Gumá Díaz, Ardila, &
al., 2015), early education differences (Lynch Rosselli, 2009).
& Vaghul, 2005; Schweinhart et al., 2005) and Although research in this area has grown in
family stress (Evans, Maxwell, & Hart, 1999); recent years, several questions about the asso-
as well as genetic contributions (Guo & Harris, ciations between SES and child development
2000; Guo & Stearns, 2002; Tucker-Drob, Bri- remain unanswered. We address four of these
ley, Engelhardt, Mann, & Harden, 2016; Tucker- questions in the remainder of this chapter. First,
Drob & Harden, 2017; Tucker-Drob, Rhemtulla, how early in infancy or early toddlerhood are
Harden, Turkheimer, & Fask, 2011). Each of socioeconomic disparities in child development
these factors has been shown to contribute in detectable? Second, how do these differences
part to the link between SES and children’s cog- related to differences in children’s brain struc-
nitive skills. Of course, it rapidly becomes quite ture and function? Third, which experiences
complicated to attempt to uncover causal links explain socioeconomic disparities in cognitive
among these highly intercorrelated factors. One and brain development? Finally, how can re-
way to begin to disentangle these associations search in this field inform interventions?
is to recognize that broadband cognitive and
achievement measures, such as IQ or school
graduation rates themselves likely represent a Detecting Socioeconomic Disparities
conglomerate of multiple-component cogni- in Child Development
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9. Poverty, Early Experience, and Brain Development 159
2013). In the same study, Fernald and colleagues Fox, Levitt, & Nelson, 2010). While few stud-
(2013) reported that by 24 months of age, there ies to date have investigated links between so-
was a 6-month gap between low- and high-SES cioeconomic disparities and brain structure or
groups in processing skills critical to language function in infancy or very early childhood,
development. A study using data from the Early one study of 44 healthy African-American one-
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Childhood Longitudinal Study, Birth Cohort month-old infants did find that lower SES was
(ECLS-B; Halle et al., 2009) reported dispari- associated with smaller cortical gray and deep
ties between low and high SES infants on lan- gray matter volumes (Betancourt et al., 2016).
guage and cognitive measures by 9 months. In Tomalski and colleagues (2013) reported asso-
that study, by age 24 months there was a mean ciations between SES and resting brain activ-
difference of 0.5 standard deviations between ity in infants as young as 6–9 months of age.
SES groups on the Bayley Cognitive Assess- Intriguingly, however, using similar electro-
ment (Halle et al., 2009). Another study found encephalographic measures of resting brain
no detectable socioeconomic differences in function, Brito, Fifer, Myers, Elliott, and Noble
language or memory performance between 9 (2016) found no socioeconomic disparities in
and 15 months of age, but found that dramatic brain function at birth. While the small sam-
disparities emerged in these skills between 15 ple and correlational nature of the study limit
and 21 months of age (Noble, Engelhardt, et al., causal inference, these results are consistent
2015). By 21 months, children of more highly with the notion that SES-related differences
educated parents scored approximately 0.8 in brain function may emerge over time in an
standard deviations higher in both language and experience-dependent manner.
memory tasks than children of less educated Altogether, a small but growing body of evi-
parents (see Figure 9.1). dence suggests that socioeconomic disparities
Experience-related differences in neural cir- in children’s cognitive and brain development
cuitry are often evident well before general cog- may emerge early in infancy. This has implica-
nitive or behavioral differences can be detected tions for the timing of both screening and inter-
(Bosl, Tierney, Tager-Flusberg, & Nelson, 2011; vention efforts, as discussed below.
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FIGURE 9.1. Children of more highly educated parents scored approximately 0.8 standard deviations higher on
language tasks than their peers of less educated parents in language tasks at 21 months of age. Adapted from
Noble, Engelhardt, et al. (2015, p. 12).
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160 I I . R isk and P rotective F actors
function across the lifespan, using multiple 2010; Raizada, Richards, Meltzoff, & Kuhl,
neuroimaging techniques (for reviews, see Brito 2008; Tomalski et al., 2013) as well as a moder-
& Noble, 2014; Ursache & Noble, 2016). ating effect of SES in the activation of the left
Socioeconomic disparities in brain function fusiform gyrus during a reading task (Noble,
have been documented both behaviorally and in Farah, & McCandliss, 2006; Noble, Wolmetz,
measures of brain physiology. From a behavior- et al., 2006). This emerging research suggests
al perspective, individuals from disadvantaged that socioeconomic conditions may shape brain
backgrounds tend to underperform relative to functioning on both behavioral and neurobio-
their higher SES peers in numerous cognitive logical levels.
tasks (Hackman & Farah, 2009; Hackman et Socioeconomic disparities have also been
al., 2010; Johnson et al., 2016; Ursache & Noble, documented in the structure of the brain, in ad-
2016), such as language (Dearing, McCartney, dition to its function. The most commonly re-
& Taylor, 2001; Engel, Santos, & Gathercole, ported finding is a positive association between
2008; Farah et al., 2006; Fernald et al., 2013; SES and the size of the hippocampus, which
Fluss et al., 2009; Hart & Risley, 1995; Hoff, supports memory (Butterworth, Cherbuin, Sa-
2003b, 2006, 2013; Noble, Engelhardt, et al., chdev, & Anstey, 2011; Hair, Hanson, Wolfe, &
2015; Noble, Farah, & McCandliss, 2006; Noble Pollak, 2015; Hanson et al., 2011; Jednorog et
& McCandliss, 2005; Noble, Norman, & Farah, al., 2012; Leonard et al., 2015; Luby et al., 2013;
2005; Noble, Tottenham, & Casey, 2005; Noble, Noble, Grieve, et al., 2012; Noble, Houston,
Wolmetz, Ochs, Farah, & McCandliss, 2006; Kan, & Sowell, 2012; Piras, Cherubini, Cal-
Pungello, Iruka, Dotterer, Mills-Koonce, & tagirone, & Spalletta, 2011; Staff et al., 2012).
Reznick, 2009; Raviv, Kessenich, & Morrison, Additional links have been reported between
2004), memory (Akshoomoff et al., 2014; Farah socioeconomic factors and the structure of pre-
et al., 2006; Herrmann & Guadagno, 1997; frontal regions important for self-regulation
Noble, Engelhardt, et al., 2015; Noble et al., and attention (Hair et al., 2015; Hanson et al.,
2007; Noble, Norman, & Farah, 2005; Turrell 2013; Leonard et al., 2015; Noble, Korgaonkar,
et al., 2002; Waber et al., 2007), and executive Grieve, & Brickman, 2013), as well as between
functions (Ardila et al., 2005; Blair et al., 2011; SES and left-hemisphere cortical regions that
Evans & Fuller-Rowell, 2013; Evans & Rosen- are important for the development of language
baum, 2008; Evans & Schamberg, 2009; Farah (Hair et al., 2015; Jednorog et al., 2012; Noble,
et al., 2006; Hackman, Gallop, Evans, & Farah, Houston, et al., 2012, 2015).
2015; Hughes, Ensor, Wilson, & Graham, 2010; Much of this work has focused on examin-
Leonard, Mackey, Finn, & Gabrieli, 2015; ing links between socioeconomic circumstance
Lipina et al., 2013; Mezzacappa, 2004; Noble and cortical volume. While many studies have
et al., 2007; Noble, Norman, & Farah, 2005; reported significant associations (Butterworth
Raver, Blair, & Willoughby, 2013; Rhoades, et al., 2011; Cavanagh et al., 2013; Hair et al.,
Greenberg, Lanza, & Blair, 2011; Sarsour et al., 2015; Hanson et al., 2011, 2013; Jednorog et al.,
2011; Wiebe et al., 2011). Similar findings have 2012; Liu et al., 2012; Luby et al., 2012; Noble,
been reported on a neurobiological level. For Houston, et al., 2012; Staff et al., 2012), others
Copyright @ 2019. The Guilford Press.
example, socioeconomic disparities have been do not (Brain Development Cooperative Group,
reported in individuals’ hippocampus function 2012; Lange, Froimowitz, Bigler, Lainhart, &
during memory tasks (Czernochowski, Fabi- the Brain Development Cooperative, 2010).
ani, & Friedman, 2008; Sheridan, How, Arau- Findings may be discrepant in part because dif-
jo, Schamberg, & Nelson, 2013); as well as in ferent brain regions and ages have been investi-
prefrontal cortex during executive functioning gated (Brito & Noble, 2014). Additionally, cor-
tasks (D’Angiulli, Herdman, Stapells, & Hertz- tical volume represents a composite of surface
man, 2008; D’Angiulli et al., 2012; Kishiyama, area and cortical thickness, two morphometric
Boyce, Jimenez, Perry, & Knight, 2009; Sheri- properties that exhibit different developmen-
dan, Sarsour, Jutte, D’Esposito, & Boyce, 2012; tal trajectories (Raznahan et al., 2011). Recent
Stevens, Lauinger, & Neville, 2009), and in the work has examined socioeconomic disparities
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9. Poverty, Early Experience, and Brain Development 161
in these more specific structural properties of lobes of the brain; furthermore, greater corti-
the developing cortex. cal thickness partially accounted for socioeco-
In general, cortical thickness peaks around nomic discrepancies in reading and math test
preschool age, then decreases with time, con- performance. In a follow-up study using the
tinuing to thin through early adulthood (Brown sample of 1,099 children and adolescents ref-
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et al., 2012; Raznahan et al., 2011; Sowell, erenced earlier, Piccolo, Merz, and colleagues
Thompson, & Toga, 2004; Walhovd, Fjell, (2016) reported that SES moderated patterns
Giedd, Dale, & Brown, 2017). In a longitudinal of age-associated change in cortical thickness.
study, Gogtay and colleagues (2004) reported a Specifically, at lower levels of SES, a curvilin-
progressive sequence of cortical thinning that ear pattern of relatively steep age-related de-
began around 4–8 years of age, with the matu- crease in cortical thickness was observed ear-
ration, or thinning, of somatosensory and visual lier in childhood, with a subsequent leveling off
cortices, followed by areas that support spatial during adolescence. In contrast, at higher levels
orientation and language (parietal lobes). The of SES, associations between age and cortical
last areas (frontal lobes) matured during ado- thickness were linear, with more gradual de-
lescence, as complex cognitive abilities (e.g., creases in cortical thickness at younger ages,
executive functions) emerge. In contrast, sur- with continued cortical thinning through late
face area increases rapidly during childhood, adolescence. One possible explanation of these
until aage 9–10 years, when it reaches a plateau, findings is that early adversity may narrow the
followed by a midadolescent phase of decline time window when experience-dependent pro-
(Brown et al., 2012; Raznahan et al., 2011). Tak- cess shapes development and/or accelerate mat-
ing into account these differences in develop- uration (Callaghan & Tottenham, 2016).
mental trajectories, it is most informative to Of note, many of these studies indicate wide
study cortical thickness and surface area sepa- variation in brain development between indi-
rately. viduals, even within socioeconomic strata. For
To examine how SES relates to surface area, example, in a secondary analysis of the 1,099
Noble, Houston, and colleagues (2015) evalu- participants from Noble, Houston, and col-
ated a socioeconomically diverse sample of leagues (2015), moderation analyses indicated
1,099 children and adolescents, and controlled that the impact of SES varies across cortical
for genetic ancestry. Higher family income was thickness, with SES more strongly predictive of
associated with larger cortical surface area in executive function skills among children with
children’s brains. This relationship was particu- thicker cortices and more strongly predictive
larly strong for areas that support language and of language skills among children with thinner
executive functioning (Noble, Houston, et al., cortices (Brito, Piccolo, & Noble, 2017). Thus,
2015), and differences in surface area partially socioeconomic disparities—and the experi-
accounted for socioeconomic differences in cer- ences for which they likely serve as a proxy—
tain executive function skills. Furthermore, the represent just one mechanism that may lead to
relationship between family income and sur- individual differences in brain development.
face area was nonlinear, such that the steepest
gradient was seen at the low end of the income
spectrum; that is, dollar for dollar, differences Experiences Shaping Poverty-Related
in family income were associated with propor- Differences in Cognitive and Brain Development
tionately greater differences in brain structure
among the most disadvantaged families. The link between family socioeconomic cir-
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Several studies have examined links between cumstance and children’s brain development
SES and cortical thickness. For example, in a is likely based at least in part in differences in
sample of 283 children and adolescents, Law- experience. As mentioned earlier, numerous
son, Duda, Avants, Wu, and Farah (2013) ob- factors may contribute to these links (nutrition,
served that parental education, but not family health care, material resources, etc.). Although
income, was positively associated with cortical an exhaustive review of the different possible
thickness in the right anterior cingulate gyrus mechanisms is beyond the scope of this chap-
and left superior frontal gyrus. In a sample of ter, we next review the evidence for two pos-
58 early adolescents, Mackey and colleagues sible types of experience that may mediate
(2015) reported that family income was posi- these links, namely, the home linguistic envi-
tively associated with cortical thickness in all ronment and family stress. Figure 9.2 illustrates
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162 I I . R isk and P rotective F actors
a theoretical model illustrating these putative ronment to brain development is in its infancy.
links (Noble, Houston, et al., 2012). In brief, the However, some work suggests that one-on-one
quantity and quality of language that children social interaction is critical for shaping the de-
hear is likely important for shaping develop- velopment of language supporting brain func-
ment of neural networks that support the de- tion (Kuhl, Tsao, & Liu, 2003). A recent study
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Linguistic Left-hemisphere
Language
environment language cortex
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SES
Hippocampus Memory
Family stress
Cognitive and
Prefrontal/limbic
emotional
circuitry
regulation
FIGURE 9.2. Mechanisms underlying SES effects on structural and functional brain development: theoretical
model. Adapted from Noble, Houston, Kan, et al. (2012, p. 2).
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9. Poverty, Early Experience, and Brain Development 163
hormones, such as cortisol (Blair & Raver, independent (Figure 9.2) (Evans et al., 1999;
2016; Juster et al., 2016; Lupien, King, Meaney, Perkins et al., 2013). For example, crowding in
& McEwen, 2001; Vliegenthart et al., 2016). the home is associated with psychophysiologi-
Several neural networks are particularly sen- cal stress (Evans, Lepore, Shejwal, & Palsane,
sitive to cortisol. For example, high levels of 1998) and reduced language diversity (Evans et
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cortisol have been associated with impaired al., 1999). Parents from crowded homes spoke
functioning of the hippocampus, amygdala, in less complex and sophisticated ways with
and prefrontal areas, leading to impairments their children, and tended to be less verbally
in memory, executive functioning, and emo- responsive to their children when compared to
tion regulation (Blair et al., 2011; Gianaros et parents from less crowded homes.
al., 2007; Liston, McEwen, & Casey, 2009;
Lupien et al., 2001; Lupien, McEwen, Gunnar,
& Heim, 2009; McEwen & Gianaros, 2010; Implications for Interventions
Sheridan et al., 2013; Tottenham & Sheridan,
2009). It is therefore possible that socioeco- If we believe that SES disparities are likely lead-
nomic disparities in exposure to stress may lead ing to differences in experience, which in turn
to alterations in cortisol, which in turn have help to shape brain development and behavior,
cascading effects on these neural systems and then the question is how such experiences can
the cognitive and emotional skills they support. be modified, and what is the right level at which
Additionally, studies have reported that the per- to intervene (see Figure 9.3)?
ception of stress may drive these physiological Most commonly, interventions aimed at re-
consequences. In general, there is evidence that ducing socioeconomic gaps in achievement
perceived stress is associated with deleterious have been implemented in the form of educa-
effects on cognitive outcomes (Aggarwal et al., tional interventions. High-quality early child-
2014; Korten, Comijs, Penninx, & Deeg, 2017; hood education can lead to dramatic improve-
Merz, Tottenham, & Noble, 2018; Munoz, Sli- ments in children’s academic success and
winski, Scott, & Hofer, 2015; Rubin et al., 2015) lifelong well-being (Lynch & Vaghul, 2005;
as well as with decreased hippocampal volume Schweinhart et al., 2005). However, due in part
(Gianaros et al., 2007; Lindgren, Bergdahl, & to the scarcity of publicly available programs,
Nyberg, 2016; Luby et al., 2013; Pagliaccio et not all children receive high-quality early edu-
al., 2014; Piccolo & Noble, 2018; Zimmerman et cation, and low-income children are the least
al., 2016) and prefrontal cortex (Gianaros et al., likely to be enrolled (Meyers, Rosenbaum,
2007; Moreno, Bruss, & Denburg, 2017). The Ruhm, & Waldfogel, 2004). However, children
association between perceived stress and amyg- from disadvantaged families are also more like-
dala is controversial, and results vary accord- ly to benefit most from early education (Mag-
ing to the studies’ analysis techniques, brain nuson & Waldfogel, 2005; Ruhm & Waldfogel,
regions evaluated, and the gender and age of 2012). It has been estimated that policies target-
the sample, with some work reporting increased ing low-income families and expanding access
perceived stress related to smaller (Pagliaccio et to high-quality early education could close be-
al., 2014) and other research with larger amyg- tween 20 and 36% of the school readiness gaps
dala volume in children (Tottenhan et al., 2010) (Magnuson & Waldfogel, 2005).
and other works finding no association between In this regard, one commonly cited example
perceived stress and amygdala volume (Luby et is the High/Scope Perry Preschool study, which
al., 2013; Piccolo & Noble, 2018). has followed 123 children born in poverty for
Copyright @ 2019. The Guilford Press.
Importantly, the home language environment more than 40 years. At ages 3 and 4, the sub-
and family stress pathways are unlikely to be jects were randomly divided into a group that
FIGURE 9.3. Possible levels of intervention for SES disparities on cognitive development.
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164 I I . R isk and P rotective F actors
more likely to hold a job, had committed fewer Khandekar, 2010), and its expansions, such as
crimes, and were more likely to have graduated the Video Interaction Project (Cates, Weisleder,
from high school than adults who did not attend & Mendelsohn, 2016; Mendelsohn et al., 2007)
preschool (Schweinhart et al., 2005). These have taken advantage of the fact that the pedi-
benefits were quite cost-effective—for every atric primary care setting represents an acces-
dollar invested, there was a return of nearly $13. sible, high-engagement, and potentially scal-
However, the pragmatics of scaling up such in- able venue for interventional services. For even
tensive programs to the larger population while the best-designed parent-focused programs,
maintaining high quality is a frequently cited however, there are inherent challenges of up-
concern. Other studies have suggested that a take and attrition when targeting disadvantaged
less intensive (and potentially more scalable) families whose lives are often characterized by
approach can still be beneficial. For example, psychological strain and lack of routines (Kalil,
the Chicago School Readiness Project was a Duncan, & Ziol-Guest, 2016).
classroom-based intervention providing Head A final avenue for directing interventions
Start teachers with training on effectively man- may be at the most distal level, namely, through
aging dysregulated behavior. In an evaluation changing SES itself. A great deal of work using
using a cluster-randomized controlled trial de- longitudinal data and natural variation in fam-
sign, investigators found that the program led ily income has suggested that early childhood
to gains in not only executive functioning and differences in family income are robust predic-
impulsivity but also preacademic skills, despite tors of children’s later achievement, educational
the fact that these skills were not explicitly tar- attainment, and even adult earnings (Duncan,
geted (Raver et al., 2011). Similarly, the Boston Yeung, Brooks-Gunn, & Smith, 1998; Duncan,
Public Schools’ prekindergarten program has Ziol-Guest, & Kalil, 2010). Quasi-experimental
used research-based curricula and coaching of evidence from the welfare-to-work experiments
teachers’ approach. In a study with more than of the 1990s suggests that income increases led
2,000 4- to 5-year-old children enrolled in the to improved achievement and schooling out-
program, Weiland and Yoshikawa (2013) found comes, with a $4,000 increase in annual income
moderate to large improvements in children’s (in current dollars) for 2–3 years, increasing
language and math performance, as well as school achievement by 0.18 standard deviations
small impacts on executive and emotional de- (Duncan, Morris, & Rodrigues, 2011; Morris,
velopment skills. Duncan, & Clark-Kauffman, 2005). Children
High-quality early childhood education from families with increased income tended to
clearly plays a critical role in reducing socio- spend more time in the labor market as adults
economic disparities in achievement (Engle et (Dahl & Lochner, 2012), and even showed evi-
al., 2011). However, when we consider that so- dence of improved health in adulthood (Ziol-
cioeconomic disparities in language skills are Guest, Duncan, Kalil, & Boyce, 2012).
already clearly apparent by the second year of In this regard, one promising approach may
life (Fernald et al., 2013; Halle et al., 2009; Hoff, to be to focus on supplementation of income
2003b; Noble, Engelhardt, et al., 2015; Rowe & itself as a means to improve children’s devel-
Copyright @ 2019. The Guilford Press.
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9. Poverty, Early Experience, and Brain Development 165
housing in better neighborhoods. Second, extra tus and cognitive skills in school-age children: Pre-
income may reduce psychological strain and dicting and mediating variables]. Psykhe (Santiago),
stress that families and children experience, en- 21(1), 3–20.
abling parents to be present and engaged with Ardila, A., Rosselli, M., Matute, E., & Guajardo, S.
(2005). The influence of the parents’ educational
their children in warmer, more nurturing ways.
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B., De Leon, C. F. M., Evans, D. A., et al. (2014). Noble, K. G. (2016). Associations among family so-
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ropsychology, 28(1), 1–10. sociations between cortical thickness and neurocog-
Arán-Filippetti, V. (2012). Estrato socioeconómico y nitive skills during childhood vary by family socio-
habilidades cognitivas en niños escolarizados: Vari- economic factors. Brain and Cognition, 116, 54–62.
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AN: 1843598 ; Zeanah, Charles H..; Handbook of Infant Mental Health, Fourth Edition
Account: [Link]
166 I I . R isk and P rotective F actors
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