- Children as Investment Good. I put in Work now, I get out Value later. This is the pre-1950s model, and it's still good throughout much/most of the world. Furthermore, it appears that in terms of emotional investment it still works. Grandchildren apparently rock.
- Children as a Status Good. "Oh, I do so miss little Bobby, who is studying in Boston this year."
- Children as a Consumption Good. I like spending time with my kids. Incidentally...this is the killer app for homeschooling. ALL schoolers who transition to homeschooling find this to be either the #1 value, or awful close. Average massive improvement in academics, lack of crazy social BS at school, lack of drugs/sex/violence in 7th grade...those are comparatively minor.
- Children as a Status Good II: I'm such a good mom. My child has never spent 30 seconds waiting for me, and has had 3 course lunches for her entire 7 years of life. I am providing everything possible to make her a better person.
- Children as a Consumption Good II. Bryan Caplan: Kids are fun, in spurts, and hard to break. Play, and don't worry much.
Friday, May 6, 2011
Models of Children as Economic Goods
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2 comments:
Seems as good a way as any to view the little people.
Homeschooled children are vastly less annoying on the average than their public school peers. This is probably because they don't spend most of their lives in an incredibly age-segregated cocoon and as such have plenty of experience interacting with adults in a peer to peer fashion. They're also generally way less indoctrinated into PC and the like than their peers.
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