The Economics of Parenting

Posted: 4 Sep 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)

Multiple version iconThere are 5 versions of this paper

Date Written: August 2019

Abstract

Parenting decisions are among the most consequential choices that people make throughout their lives. Starting with the work of pioneers such as Gary Becker, economists have used the tool set 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 among 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 review, we survey the economic literature on parenting and point out promising directions for future research.

Suggested Citation

Doepke, Matthias and Sorrenti, Giuseppe and Zilibotti, Fabrizio, The Economics of Parenting (August 2019). Annual Review of Economics, Vol. 11, pp. 55-84, 2019. Available at SSRN: https://ssrn.com/abstract=3445894 or http://dx.doi.org/10.1146/annurev-economics-080218-030156

Matthias Doepke (Contact Author)

Northwestern University - Department of Economics ( email )

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Centre for Economic Policy Research (CEPR)

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National Bureau of Economic Research (NBER)

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IZA Institute of Labor Economics

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Giuseppe Sorrenti

University of Zurich ( email )

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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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