Working Paper

How Do Children Spend Their Time? Time Use and Skill Development in the PSID

Abstract: As income and wealth inequality have grown in the United States in recent decades, the large and growing differences in household expenditures on children from advantaged versus disadvantaged backgrounds have increasingly become a matter of public concern. High socioeconomic status (SES) households (those with high incomes and/or high levels of parental education) increasingly spend more money on physical goods (books, tuition, computers, etc.) and more time on "enrichment" activities such as homework, tutoring, reading, and extracurricular activities that are thought to directly foster cognitive (academic) skills.

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-05-26

Number: 2020-05-26-2