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Title: Time vs. Money: Which Resources Matter for Children?
Resulting in 1 citation.
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Price, Joseph P. |
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Time vs. Money: Which Resources Matter for Children? Presented: New Orleans, LA, Population Association of America (PAA) 2008 Annual Meeting, April 17-19, 2008. Also: http://paa2008.princeton.edu/abstractViewer.aspx?submissionId=80485 Cohort(s): Children of the NLSY79 Publisher: Population Association of America Keyword(s): American Time Use Survey (ATUS); Behavior Problems Index (BPI); Birth Order; Family Income; Family Resources; Modeling, Fixed Effects; Parent-Child Interaction; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); Siblings Permission to reprint the abstract has not been received from the publisher. Parents face a number of decisions that involve a trade-off between the amount of time and money they can provide their children. This paper estimates the relative impact of parental time and family income on child outcomes. I exploit the fact that first-born child gets more parental time while the second child experiences a higher level of family income at each age and that these differences are larger when children are spaced further apart. Using this within-family variation in resources received by each child, I find that for the average family an hour of quality parent-child quality interaction produces the same amount of reading achievement as over $100 of additional family income. Parental time inputs also decrease measures of behavior problems but neither time nor family income appear to influence math achievement. |
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Bibliography Citation
Price, Joseph P. "Time vs. Money: Which Resources Matter for Children?" Presented: New Orleans, LA, Population Association of America (PAA) 2008 Annual Meeting, April 17-19, 2008. |