@TechReport{iza:izadps:dp5084, author={Österbacka, Eva and Merz, Joachim and Zick, Cathleen D.}, title={Human Capital Investments in Children: A Comparative Analysis of the Role of Parent-Child Shared Time in Selected Countries}, year={2010}, month={Jul}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={5084}, url={https://www.iza.org/index.php/publications/dp5084}, abstract={Parents invest in their children's human capital in several ways. We investigate the extent to which the levels and composition of parent-child time varies across countries with different welfare regimes: Finland, Germany and the United States. We test the hypothesis of parent-child time as a form of human capital investment in children using a propensity score treatment effects approach that accounts for the possible endogenous nature of time use and human capital investment. Result: There is considerable evidence of welfare regime effects on parent-child shared time. Our results provide mixed support for the hypothesis that non-care related parent-child time is human capital enriching. The strongest support is found in the case of leisure time and eating time.}, keywords={parent-child time;comparative research;welfare regimes;Finland;Germany;USA;treatment effects;propensity score matching}, }