The Economics of Parenting

Matthias Doepke, Giuseppe Sorrenti, Fabrizio Zilibotti

Research output: Contribution to journalReview article

6 Scopus citations

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 parentsrsquo 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.

Original languageEnglish (US)
Pages (from-to)55-84
Number of pages30
JournalAnnual Review of Economics
Volume11
DOIs
StatePublished - Aug 2 2019

Keywords

  • altruism
  • parenting
  • parenting style
  • paternalism
  • peer effects
  • skill acquisition

ASJC Scopus subject areas

  • Economics and Econometrics

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