Parental involvement and Children's human capital: A tax-subsidy experiment |
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| Affiliation: | 1. American University of Sharjah, United Arab Emirates;2. ADA University, Azerbaijan;3. Deakin University, Australia;1. Engineering Systems & Design Pillar, Singapore University of Technology and Design, 8 Somapah Road, 487372 Singapore;2. Escuela de Gobierno, Tecnologico de Monterrey, Carlos Lazo 100, 01389 Mexico City, Mexico;1. Allegheny College, Department of Economics, Quigley Hall, Box 20, Meadville, PA, 16335, USA;2. Virginia Tech, Department of Economics, Pamplin Hall, Mail Code 0316, Blacksburg, VA, 24061, USA;1. Department of Quantitative Economics, University of Santiago de Compostela, Spain;2. Department of Finance and Accounting, University of Santiago de Compostela, Spain;1. University College Dublin, Ireland;2. City University of Hong Kong and Wilfrid Laurier University, Ireland;3. Dublin City University, Ireland |
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| Abstract: | Parental time with children has a significant influence on early childhood development, future accumulation of a wide array of cognitive and non-cognitive skills and the ultimate success of the child. The model presented in this article features endogenous fertility and labour supply while distinguishing between various types of parental time spent with children. We conduct a quantitative analysis to investigate the importance of the role of family for children's skill formation. In the model, parents are subsidized for spending publicly verifiable productive time with their children. Such intervention can significantly enhance the human capital of children, yet it affects the overall labour supply of the primary caretaker in an ambiguous way. |
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| Keywords: | Parental investment Human capital Cognitive skills Non-cognitive skills Fertility Labor supply Optimal control C54 C60 D10 D15 J13 J22 J24 H31 H52 |
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