Front cover image for Love, money & parenting : how economics explains the way we raise our kids

Love, money & parenting : how economics explains the way we raise our kids

Matthias Doepke (Author), Fabrizio Zilibotti (Author)
The authors show that in countries with increasing economic inequality, such as the United States, parents push harder to ensure their children have a path to security and success. Economics has transformed the hands-off parenting of the 1960s and '70s into a frantic, overscheduled activity. Growing inequality has also resulted in an increasing 'parenting gap' between richer and poorer families, raising the disturbing prospect of diminished social mobility and fewer opportunities for children from disadvantaged backgrounds. The authors discuss how investments in early childhood development and the design of education systems factor into the parenting equation, and how economics can help shape policies that will contribute to the ideal of equal opportunity for all
Print Book, English, 2019
Princeton University Press, Princeton, New Jersey, 2019