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Parental Beliefs, Perceived Health Risks, and Time Investment in Children: Evidence from COVID-19

Author

Listed:
  • Gabriella Conti

    (University College London)

  • Michele Giannola

    (University of Naples Federico II)

  • Alessandro Toppeta

    (University College London)

Abstract
When deciding how to allocate their time among different types of investment in their children, parents weigh up the perceived benefits and costs of different activities. During the COVID-19 outbreak parents had to consider a new cost dimension when making this decision: the perceived health risks associated with contracting the virus. What role did parental beliefs about risks and returns play for the allocation of time with children during the pandemic? We answer this question by collecting rich data on a sample of first-time parents in England during the first lockdown, including elicitation of perceived risks and returns to different activities via hypothetical scenarios. We find that parents perceive their own time investment to be (i) more productive and (ii) less risky than the time spent by their children in formal childcare or with peers. Using open-ended questions about their pandemic experience and detailed time use data on children’s daily activities, we then show that parental beliefs are predictive of actual investment choices, and are correlated with parental feelings derived from sentiment analysis. Lastly, we show that less educated parents perceive both lower returns and lower risks from investments, potentially causing a further widening of pre-existing inequalities in early years development, and suggesting the need for targeted informational interventions.

Suggested Citation

  • Gabriella Conti & Michele Giannola & Alessandro Toppeta, 2022. "Parental Beliefs, Perceived Health Risks, and Time Investment in Children: Evidence from COVID-19," Working Papers 2022-045, Human Capital and Economic Opportunity Working Group.
  • Handle: RePEc:hka:wpaper:2022-045
    Note: HI
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    File URL: http://humcap.uchicago.edu/RePEc/hka/wpaper/Conti_Giannola_Toppeta_2022_parental-beliefs-health-risks-time-invest-children-covid19.pdf
    File Function: First version, November 25, 2022
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    References listed on IDEAS

    as
    1. Daniela Del Boca & Christopher Flinn & Matthew Wiswall, 2014. "Household Choices and Child Development," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(1), pages 137-185.
    2. Beatrice Ferrario & Stefanie Stantcheva, 2022. "Eliciting People's First-Order Concerns: Text Analysis of Open-Ended Survey Questions," AEA Papers and Proceedings, American Economic Association, vol. 112, pages 163-169, May.
    3. Agostinelli, Francesco & Doepke, Matthias & Sorrenti, Giuseppe & Zilibotti, Fabrizio, 2022. "When the great equalizer shuts down: Schools, peers, and parents in pandemic times," Journal of Public Economics, Elsevier, vol. 206(C).
    4. Musaddiq, Tareena & Stange, Kevin & Bacher-Hicks, Andrew & Goodman, Joshua, 2022. "The Pandemic’s effect on demand for public schools, homeschooling, and private schools," Journal of Public Economics, Elsevier, vol. 212(C).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Michele Giannola, 2024. "Parental Investments and Intra-household Inequality in Child Human Capital: Evidence from a Survey Experiment," The Economic Journal, Royal Economic Society, vol. 134(658), pages 671-727.
    2. Greta Morando & Sonkurt Sen & Almudena Sevilla, 2024. "Maternal Beliefs and Long-Term Child Skill Development," CRC TR 224 Discussion Paper Series crctr224_2024_498, University of Bonn and University of Mannheim, Germany.

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    More about this item

    Keywords

    parental beliefs; health risks; time investments; text data; COVID-19;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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