Parental misbeliefs and household investment in children?s education

被引:8
|
作者
Wang, Haining [1 ]
Cheng, Zhiming [2 ,3 ]
Smyth, Russell [4 ]
机构
[1] Sun Yat Sen Univ, Ctr Chinese Publ Adm Res, Sch Govt, Guangzhou, Guangdong, Peoples R China
[2] Macquarie Univ, Macquarie Business Sch, Dept Management, Sydney, NSW, Australia
[3] Univ New South Wales, Social Policy Res Ctr, Sydney, NSW, Australia
[4] Monash Univ, Monash Business Sch, Dept Econ, Melbourne, Vic, Australia
关键词
Parentalmisbeliefs; Householdeducationexpenditure; Parentaltimeinvestment; Children; China; CHINA; EXPENDITURE; DEMAND; INFORMATION; CONSUMPTION; OUTCOMES; RETURNS; SAVINGS; INCOME; SCHOOL;
D O I
10.1016/j.econedurev.2022.102284
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the effect of parental misbeliefs about their child's academic achievement on household investment in children's education in China. We find that nearly 60% of parents hold inaccurate beliefs about their child's educational performance. Parental upward biased beliefs are positively associated with both financial and time investment in their children's education. The results for financial and time investment are mainly driven by paternal and maternal upward biased beliefs, respectively, reflecting differences in credit and time constraints on each parent. We find that parental educational expectations, confidence in their child's future and parenting style are underlying mechanisms through which parental misbeliefs affect household education investment. Our findings suggest that mistaken parental beliefs may have an important role to play in narrowing educational inequality.
引用
收藏
页数:15
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