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Time Diary Measures of Investment in Young Children

Author

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  • Klevmarken, N. Anders
  • Stafford, Frank P.
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.

Suggested Citation

  • Klevmarken, N. Anders & Stafford, Frank P., 1997. "Time Diary Measures of Investment in Young Children," Working Paper Series 1997:8, Uppsala University, Department of Economics.
    • Handle: RePEc:hhs:uunewp:1997_008
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    File URL: http://www.nek.uu.se/pdf/1997wp8.pdf
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    References listed on IDEAS

    as
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    7. Stafford, Frank P, 1987. "Women's Work, Sibling Competition, and Children's School Performance," American Economic Review, American Economic Association, vol. 77(5), pages 972-980, December.
    8. Siv Gustafsson & Frank P. Stafford, 1994. "Three Regimes of Child Care: The United States, the Netherlands, and Sweden," NBER Chapters, in: Social Protection versus Economic Flexibility: Is There a Trade-Off?, pages 333-362, National Bureau of Economic Research, Inc.
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    Cited by:

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    3. Kertesi, Gábor & Kézdi, Gábor & Hajdu, Tamás, 2022. "Idő és pénz a gyermeknevelésben Magyarországon, 1993-2010 [Time and money in raising children in Hungary, 1993-2010]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1255-1297.
    4. Mattila-Wiro, Päivi, 2006. "Changes in the Distribution of Economic Wellbeing in Finland," Research Reports 128, VATT Institute for Economic Research.

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