Remember our recent post about the success of bribing kids to learn? (tldr: kids bribed to read books scored the most improvement)
Here's another study linking the importance of reading books (technically, book collection - but I suppose the two typically go hand in hand) to academic success:
After examining statistics from 27 nations, a group of researchers found the presence of book-lined shelves in the home — and the intellectual environment those volumes reflect — gives children an enormous advantage in school.
“Home library size has a very substantial effect on educational attainment, even adjusting for parents’ education, father’s occupational status and other family background characteristics,” reports the study, recently published in the journal Research in Social Stratification and Mobility. “Growing up in a home with 500 books would propel a child 3.2 years further in education, on average, than would growing up in a similar home with few or no books.
“This is a large effect, both absolutely and in comparison with other influences on education,” adds the research team, led by University of Nevada sociologist M.D.R. Evans. “A child from a family rich in books is 19 percentage points more likely to complete university than a comparable child growing up without a home library.”
http://www.miller-mccune.com/culture-society/home-libraries-provide-huge-educational-advantage-14212/
And as I have a child now I'm totally taking this as an excuse to buy whatever books I want.
"Seems that any home with a 500 book library would not need statistical correction for educational attainment of parents. The 500 books pretty much indicate a home inclined to view education positively."
That is exactly why these homes DO need statistical correction for parental educational attainment
I agree with some of the other contributors that a pile of books is probably an indicator of family priorities, which are picked up by the children.