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Time Diary Measures of Investment in Young Children

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  • Klevmarken, N. Anders
  • Stafford, Frank P.

Abstract

There is a rising importance of human capital in the total capital stock of an economy. In this paper we discuss the nature of investments in children and sketch out the diverse kinds of inputs to the developmental process across different countries at selected time points. The observable inputs are time and goods and they can arise both in the home and in formal care settings. Estimates are given for Sweden and the U.S. The mere size of the total of these investments in early human capital, more than 20 percent of GDP for Sweden, raises a number of interesting questions.

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Bibliographic Info

Paper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 1997:8.

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Length: 45 pp.
Date of creation: 1997
Date of revision:
Publication status: Published in Wealth, Work and Health. Innovations in Measurement in Social Sciences., Smith, J.P., Willis, R.J. (eds.), 1999, pages 34-63, University of Michigan Press.
Handle: RePEc:hhs:uunewp:1997_008

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Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
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Web page: http://www.nek.uu.se/
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References

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  1. Reuben Gronau & R. Layard, . "Home Production - A Survey," University of Chicago - Population Research Center 85-2, Chicago - Population Research Center.
  2. Stafford, Frank P, 1987. "Women's Work, Sibling Competition, and Children's School Performance," American Economic Review, American Economic Association, vol. 77(5), pages 972-80, December.
  3. Juster, F Thomas & Stafford, Frank P, 1991. "The Allocation of Time: Empirical Findings, Behavioral Models, and Problems of Measurement," Journal of Economic Literature, American Economic Association, vol. 29(2), pages 471-522, June.
  4. W. Lee Hansen, 1963. "Total and Private Rates of Return to Investment in Schooling," Journal of Political Economy, University of Chicago Press, vol. 71, pages 128.
  5. Siv Gustafsson & Frank P. Stafford, 1994. "Three Regimes of Child Care: The United States, the Netherlands, and Sweden," NBER Chapters, in: Social Protection versus Economic Flexibility: Is There a Trade-Off?, pages 333-362 National Bureau of Economic Research, Inc.
  6. Sherwin Rosen, 1996. "Public Employment and the Welfare State in Sweden," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 729-740, June.
  7. Ryder, Harl E & Stafford, Frank P & Stephan, Paula E, 1976. "Labor, Leisure and Training over the Life Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(3), pages 651-74, October.
  8. Baumol, William J & Blackman, Sue Anne Batey & Wolff, Edward N, 1985. "Unbalanced Growth Revisited: Asymptotic Stagnancy and New Evidence," American Economic Review, American Economic Association, vol. 75(4), pages 806-17, September.
  9. Gustafsson, Bjorn & Kjulin, Urban, 1994. "Time Use in Child Care and Housework and the Total Cost of Children," Journal of Population Economics, Springer, vol. 7(3), pages 287-306, July.
  10. Brown, Byron W & Saks, Daniel H, 1975. "The Production and Distribution of Cognitive Skills within Schools," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 571-93, June.
  11. Willis, Robert J, 1973. "A New Approach to the Economic Theory of Fertility Behavior," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages S14-64, Part II, .
  12. Smith, James P & Ward, Michael, 1989. "Women in the Labor Market and in the Family," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 9-23, Winter.
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Cited by:
  1. Ana Moro-Egido, 2012. "Changing Trends of Mothers’ Active and Passive Childcare Times," Journal of Family and Economic Issues, Springer, vol. 33(1), pages 11-23, March.
  2. Kelly Ragan, 2007. "Taxes, Transfers and Time Use: Fiscal Policy in a Model of Household Production," 2007 Meeting Papers 681, Society for Economic Dynamics.
  3. Päivi Mattila-Wiro, 2006. "Changes in the Distribution of Economic Wellbeing in Finland," Research Reports 128, Government Institute for Economic Research Finland (VATT).

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