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Parental Expenditures on Children Education - Essay Example

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The article “Parental Expenditures on Children Education” examines the factors influencing allocation of money on children`s primary and secondary education. The paper is based on the data received during families’ survey from Consumer Expenditure Survey…
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Parental Expenditures on Children Education
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Download file to see previous pages The research aims to distinguish the extent to which different factors affect the decision of parents to invest or not invest money in children`s primary and secondary education, and the extent to which these factors are connected with an amount of money spent. Not to intermingle with researches that deal with basic amount of money spent on miscellaneous children`s needs in the process of raring, this study explores the costs spent on tuitions, books, supplies for primary and secondary education.
Little attention was paid to the interdependence of parents` expenditure on children`s primary and secondary education and the factors affecting this choice. Therefore, due to the lack of material the problem has naturally arose.
The significance of the study is explained by its innovativeness. Most of the researches are dedicated to the investigation of the level of parents` expenditures during the process of upbringing on general issues such as housing, food, clothing, transportation, and health care. Thus, this research is important as it allows to explore the connection between money investment in children`s primary and secondary education and the factors influencing this decision in a narrow sense. In certain studies, the educational component was included only as additional and little attention is paid to this aspect of parents money allocation to children`s primary and secondary education. Thus, empirical research may provide necessary information regarding parents` investment.
The feasibility of the problem of the study was ensured by the data received from empirical studies motivating children`s attainment. The theory of human capital was also employed in the process of data assessment. Cragg`s double-hurdled model was utilized to assess the results of the interviews of 331 families investing their money in children`s education conducted by Consumer Expenditure Survey in 1996
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