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Intergenerational Inequality and Parenting: Making Room for the Parent–Child Relationship

In: Constructing a More Scientific Economics

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  • Art Goldsmith

    (Washington and Lee University)

Abstract

Drawing on insights from cognitive psychology, sociology, and neuroscience John Tomer advanced the idea that the relationship between a youth and their parents is the central determinant of the level of skills a person acquires when young and hence their economic status later in life. This view challenges the conventional economic notion attributed to Nobel Prize winning economists Gary Becker and James Heckman that poor parenting—providing children with too little parental time and resources—is primarily responsible for low earnings as an adult. This chapter illuminates John’s perspective that the parent-child relationship—not the amount of time parents spend with their children—plays a fundamental role in the accumulation of a wide range of socioemotional skills during adolescent that subsequently shape life.

Suggested Citation

  • Art Goldsmith, 2022. "Intergenerational Inequality and Parenting: Making Room for the Parent–Child Relationship," Palgrave Advances in Behavioral Economics, in: Morris Altman (ed.), Constructing a More Scientific Economics, chapter 0, pages 237-253, Palgrave Macmillan.
    • Handle: RePEc:pal:paichp:978-3-030-83928-4_11
    DOI: 10.1007/978-3-030-83928-4_11
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