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Time Diary Measures of Investment in Young Children

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Author Info
Klevmarken, N. Anders
Stafford, Frank P.

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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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Publisher 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
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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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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. 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. [Downloadable!] (restricted)
  2. 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.
  3. 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. [Downloadable!] (restricted)
  4. 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, . [Downloadable!] (restricted)
  5. 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. [Downloadable!] (restricted)
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  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. [Downloadable!] (restricted)
  7. 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. [Downloadable!] (restricted)
  8. 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. [Downloadable!] (restricted)
  9. 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. [Downloadable!] (restricted)
  10. 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. [Downloadable!] (restricted)
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  1. Päivi Mattila-Wiro, 2006. "Changes in the Distribution of Economic Wellbeing in Finland," VATT Research Reports 128, Government Institute for Economic Research (VATT). [Downloadable!]
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