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This study aimed to examine the relationship between socioeconomic status and children's psychological well-being and to investigate the mediating effect of family social capital. A sample of 19,487 school-aged children was collected from 2013-2014 China Education Panel Survey. Structural equation modeling was applied to test the hypothesized model. The results showed that socioeconomic status was not significantly related to the children's psychological well-being. However, two indicators of family social capital, namely, parent involvement and parent-child relationship, played a complete mediating role in the direct mechanism. The theoretical and practical contributions were discussed.
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