THE FAMILY AND PUBLIC POLICY
Cover: Valuing Children: Rethinking the Economics of the Family, from Harvard University PressCover: Valuing Children in PAPERBACK

Valuing Children

Rethinking the Economics of the Family

Add to Cart

Product Details

PAPERBACK

$28.50 • £22.95 • €25.50

ISBN 9780674047273

Publication Date: 03/15/2010

Short

248 pages

6-1/8 x 9-1/4 inches

7 line illustrations, 14 tables

The Family and Public Policy

World

Nancy Folbre challenges the conventional economist’s assumption that parents have children for the same reason that they acquire pets—primarily for the pleasure of their company. Children become the workers and taxpayers of the next generation, and “investments” in them offer a significant payback to other participants in the economy.

Yet parents, especially mothers, pay most of the costs. The high price of childrearing pushes many families into poverty, often with adverse consequences for children themselves.

Parents spend time as well as money on children. Yet most estimates of the “cost” of children ignore the value of this time. Folbre provides a startlingly high but entirely credible estimate of the value of parental time per child by asking what it would cost to purchase a comparable substitute for it.

She also emphasizes the need for better accounting of public expenditure on children over the life cycle and describes the need to rethink the very structure and logic of the welfare state. A new institutional structure could promote more cooperative, sustainable, and efficient commitments to the next generation.

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

Book jacket: Vera Rubin: A Life, by Jacqueline Mitton and Simon Mitton, from Harvard University Press

Q&A with Jacqueline Mitton, coauthor of Vera Rubin: A Life

While astronomer Vera Rubin made significant contributions to our understanding of dark matter and championed the advancement of women in science, she is not that well known outside of the scientific community. HUP Executive Editor for Science, Janice Audet, spoke with Jacqueline Mitton, coauthor of Vera Rubin: A Life, about Rubin’s remarkable life and work and the writing of the book