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Del Boca, Daniela [VerfasserIn] ; Flinn, Christopher J. [Sonstige Person, Familie und Körperschaft]; Verriest, Ewout [Sonstige Person, Familie und Körperschaft]; Wiswall, Matthew J. [Sonstige Person, Familie und Körperschaft] National Bureau of Economic Research

Actors in the Child Development Process

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  • Medientyp: E-Book
  • Titel: Actors in the Child Development Process
  • Beteiligte: Del Boca, Daniela [VerfasserIn]; Flinn, Christopher J. [Sonstige Person, Familie und Körperschaft]; Verriest, Ewout [Sonstige Person, Familie und Körperschaft]; Wiswall, Matthew J. [Sonstige Person, Familie und Körperschaft]
  • Körperschaft: National Bureau of Economic Research
  • Erschienen: Cambridge, Mass: National Bureau of Economic Research, 2019
  • Erschienen in: NBER working paper series ; no. w25596
  • Umfang: 1 Online-Ressource; illustrations (black and white)
  • Sprache: Englisch
  • DOI: 10.3386/w25596
  • Identifikator:
  • Reproduktionsnotiz: Hardcopy version available to institutional subscribers
  • Entstehung:
  • Anmerkungen: System requirements: Adobe [Acrobat] Reader required for PDF files
    Mode of access: World Wide Web
  • Beschreibung: We construct and estimate a model of child development in which both the parents and children make investments in the child's skill development. In each period of the development process, partially altruistic parents act as the Stackelberg leader and the child the follower when setting her own study time. We then extend this non-cooperative form of interaction by allowing parents to offer incentives to the child to increase her study time, at some monitoring cost. We show that this incentive scheme, a kind of internal conditional cash transfer, produces efficient outcomes and, in general, increases the child's cognitive ability. In addition to heterogeneity in resources (wage offers and non-labor income), the model allows for heterogeneity in preferences both for parents and children, and in monitoring costs. Like their parents, children are forward-looking, but we allow children and parents to have different preferences and for children to have age-varying discount rates, becoming more "patient" as they age. Using detailed time diary information on the allocation of parent and child time linked to measures of child cognitive ability, we estimate several versions of the model. Using model estimates, we explore the impact of various government income transfer policies on child development
  • Zugangsstatus: Freier Zugang