Human Capital Investments in Children: A Comparative Analysis of the Role of Parent-Child Shared Time in Selected Countries
Åbo Akademi University
Research Institute on Professions; Leuphana University of Lueneburg; Institute for the Study of Labor (IZA)
Cathleen D. Zick
University of Utah - Department of Family and Consumer Studies (FCS)
IZA Discussion Paper No. 5084
Parents invest in their children's human capital in several ways. We investigate the extent to which the levels and composition of parent-child time varies across countries with different welfare regimes: Finland, Germany and the United States. We test the hypothesis of parent-child time as a form of human capital investment in children using a propensity score treatment effects approach that accounts for the possible endogenous nature of time use and human capital investment. Result: There is considerable evidence of welfare regime effects on parent-child shared time. Our results provide mixed support for the hypothesis that non-care related parent-child time is human capital enriching. The strongest support is found in the case of leisure time and eating time.
Number of Pages in PDF File: 35
Keywords: parent-child time, comparative research, welfare regimes, Finland, Germany, USA, treatment effects, propensity score matching
JEL Classification: D1, J24, J22, H43
Date posted: August 2, 2010
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