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Time Diary Measures of Investment in Young Children

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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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    References listed on IDEAS

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    Cited by:

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    2. Kelly Ragan, 2007. "Taxes, Transfers and Time Use: Fiscal Policy in a Model of Household Production," 2007 Meeting Papers 681, Society for Economic Dynamics.
    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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