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Review
"Psychologists, sociologists and journalists have spent more than a decade diagnosing and critiquing the habits of ‘helicopter parents’ and their school obsessions. . . . But new research shows that in our unequal era, this kind of parenting is essential. That’s the message of the book Love, Money and Parenting: How Economics Explains the Way We Raise Our Kids, by the economists Matthias Doepke of Northwestern University and Fabrizio Zilibotti of Yale. It’s true that high-octane, hardworking child-rearing has some pointless excesses, and it doesn’t spark joy for parents. But done right, it works for kids, not just in the United States but in rich countries around the world."---Pamela Druckerman, New York Times"An incisive look at parenting and economic inequality."---Carolyn Dever, Public Books"Why do so many seemingly sane people get over-involved with their kids? The answer is not that parents have collectively come unhinged, according to the new book Love, Money and Parenting: How Economics Explains the Way We Raise Our Kids. Rather, parents today are rational economic actors responding to an increasingly unhinged environment."---Jenny Anderson, Quartz“Love, Money, and Parenting presents a fascinating, insightful analysis of the origins and consequences of different parenting styles over time and place. Doepke and Zilibotti explain how and why parents shape child preferences and skills to adapt their offspring to the anticipated social and economic realities facing them as adults. The authors creatively use basic economic theory to integrate and interpret a vast body of evidence from multiple disciplines. This ambitious, well-argued book carefully examines how families influence the social and economic fortunes of their children.â€�â€"James J. Heckman, Nobel Laureate in Economics“Economics is usually the last thing on people's minds when they think about parenting. This wonderfully readable and original book aims to change that. It shows how different parenting styles are all about trade-offs, how they shape the way children explore and experiment with the world and take risks, and how economic factors have played an important role in the striking changes we have experienced in the way parents think about their children and parent them. A must-read.â€�â€"Daron Acemoglu, coauthor of Why Nations Fail“In their stimulating account of the reasons behind different parenting practices, Doepke and Zilibotti unashamedly argue for an economic interpretation, while also including social and cultural factors. Worryingly, the authors show how emerging societal divisions could enable some parents to promote their children even as they disable the efforts of parents in more difficult economic circumstances. Parenting regimes by class threaten equal opportunities, social mobility, and political participation. The authors’ hope is that thoughtful policy interventions can head off such threats.â€� â€"Jane Humphries, author of Childhood and Child Labour in the British Industrial Revolution“Presenting many key findings and novel explanations, Love, Money, and Parenting argues that we can use economic principles to explain why different parenting styles exist across different countries and within countries at any given point in time. At once intelligent, sophisticated, and accessible, there is no other book that tackles the same themes as this one. I really enjoyed reading it.â€�â€"Nattavudh Powdthavee, author of The Happiness Equation “Bringing together personal experiences, reasoning, and evidence, this fascinating and persuasive book shows that parenting decisions are governed by incentives and an economic approach can help us to understand why parents’ choices might vary across countries and over time. The wealth of information, detail, and strength of economic argument is impressive.â€�â€"Jo Blanden, coauthor of The Persistence of Poverty across Generations
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About the Author
Matthias Doepke is professor of economics at Northwestern University. He lives in Evanston, Illinois. Fabrizio Zilibotti is the Tuntex Professor of International and Development Economics at Yale University. He lives in New Haven, Connecticut.
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Product details
Hardcover: 384 pages
Publisher: Princeton University Press (February 5, 2019)
Language: English
ISBN-10: 0691171513
ISBN-13: 978-0691171517
Product Dimensions:
6.5 x 1 x 9.5 inches
Shipping Weight: 1.7 pounds (View shipping rates and policies)
Average Customer Review:
4.2 out of 5 stars
5 customer reviews
Amazon Best Sellers Rank:
#21,647 in Books (See Top 100 in Books)
This is a fascinating book that I greatly enjoyed reading. It makes a clear and compelling argument and connects it to personal experience as well as data and academic research. The goal of the book is to explain how the choices made by parents depend on their environment. The authors show for example that when inequality is low, then parents are more likely to give their children more freedom, and they impose more constraints and incentives on them when inequality is higher. The book presents a large amount of evidence supporting this argument by looking at changes over time and across countries. The parenting styles described in the book are based on the developmental psychology literature and the authors also discuss the evidence from that literature.I like how the authors emphasize that we should not assume that parenting styles in earlier decades or in other countries are wrong simply because they differ from what we find optimal. Clearly, parenting differs across time and countries (the authors provide many examples), but that’s also because the environment in which parents make their choices differ. I find this very plausible and witnessed it myself growing up in two different countries and with different families. It’s fascinating to read the many great examples in the book for how the environment affects parenting and how economics helps explain it. I think the book is relevant for virtually everyone, because it helps us understand the choices of our parents, and the own choices as parents. The book is well-written and full of examples, I highly recommend it.
Unbelievable omission: the book is a comprehensive comparison of parenting styles across several countries. It uses parenting styles observed and "developed" by Urie Bronfenbrenner from a 1970s comparison of parenting styles in the US and the USSR. No mention of Bronfenbrenner's name in the index. As far as I can tell, no mention of it is the footnotes. There is no bibliography so it is difficult to tell whether the authors are even aware of this scholar's work. How can they not be? Frustrating and unprofessional.
The book "Love, Money, and Parenting" by Matthias Doepke and Fabrizio Zilibotti provides economic explanations about the changing of parenting styles over time as well as its cross-country differences. The primary goal is to unveil how socio-economic conditions, for example, income inequality, cultivates the parents-children relationship.Also, as a mainland Chinese who has lived in Sweden, Denmark, and Switzerland and now moved back to Hong Kong, reading the book reminds me of quite a lot of different daily scenarios of parenting that I met in my life. The reasoning of linking them with economic constraints together with income inequality and the scientific shreds of evidence the authors provided make the story convincing for me.Also, even though the book, as indicated by the authors, is not another "user guide" of child-rearing, as a new dad, I personally find the book quite useful in terms of a better understanding own parenting choices that looks like instinct at first glance, but turns out to have deeply rooted economic reasoning. As a matter of fact, before reading the book, both my wife and I have taken online tests. The test told that the baby's dad tends to be the permissive type while the mom is the authoritarian type. How should we coordinate with each other to offer a better living environment for our little boy? Any answer to such a question pre-requisites the understanding of what are the forces that shape the child-rearing decisions. And the book provides us with economic reasoning, which turns out to be helpful. Therefore, I do recommend the book to all, especially those young parents.
Fascinating book. Well-written, humorous, engaging as you would not expect from two academic economists. I read some reviews that came out in the press these days. The reviews tend to say the authors like helicopter parents. This is not my reading. They speak of overparenting and parenting traps. They describe in great detail how bad helicopter parenting can do to future society. Also, they speak more of authoritative than of helicopter parents. Their argument is more subtle than just telling which parenting is good and which parenting is bad. Here and there, they stretch a bit the interpretation of the facts in their direction. Still, a great book.
This is a very compelling and comprehensive book on parenting style and its determinants in the past, present and future. The book takes the reader on a fascinating journey starting from the authors’ own parenting experience (great anecdotes!) and ending with an outlook how trends in inequality and institutions will shape the parenting of the next generation. The book’s argument is carefully connected to the latest academic literature and vast empirical evidence. At the same time it is very entertaining to read and provides a lot of food for thought.I read the book while commuting to work and enjoyed every bit of it. Highly recommended to all readers interested in family economics, education, and inequality and to all present and future parents!
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