The Economics of Parenting

54 Pages Posted: 21 May 2019

See all articles by Matthias Doepke

Matthias Doepke

Northwestern University - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Giuseppe Sorrenti

University of Zurich

Fabrizio Zilibotti

University of Zurich; Centre for Economic Policy Research (CEPR)

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Abstract

Parenting decisions are among the most consequential choices people make throughout their lives. Starting with the work of pioneers such as Gary Becker, economists have used the toolset of their discipline to understand what parents do and how parents' actions affect their children. In recent years, the literature on parenting within economics has increasingly leveraged findings and concepts from related disciplines that also deal with parent-child interactions. For example, economists have developed models to understand the choice between various parenting styles that were first explored in the developmental psychology literature, and have estimated detailed empirical models of children's accumulation of cognitive and noncognitive skills in response to parental and other inputs. In this paper, we survey the economic literature on parenting and point out promising directions for future research.

Keywords: parenting, parenting style, skill acquisition, peer effects, altruism, paternalism

JEL Classification: J13, J24, R20

Suggested Citation

Doepke, Matthias and Sorrenti, Giuseppe and Zilibotti, Fabrizio, The Economics of Parenting. IZA Discussion Paper No. 12108. Available at SSRN: https://ssrn.com/abstract=3390096

Matthias Doepke (Contact Author)

Northwestern University - Department of Economics ( email )

2003 Sheridan Road
Evanston, IL 60208
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
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IZA Institute of Labor Economics

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Giuseppe Sorrenti

University of Zurich ( email )

Rämistrasse 71
Zürich, CH-8006
Switzerland

Fabrizio Zilibotti

University of Zurich ( email )

Rämistrasse 71
Zürich, CH-8006
Switzerland

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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