"Investing in Children: Work, Education, and Social Policy in
Two Rich Countries" presents new research by leading scholars in
Australia and the United States on economic factors that influence
children's development and the respective social policies that the
two nations have designed to boost human capital development.
The volume is organized around three major issues: parental
employment, early childhood education and child care, and
postsecondary education. All three issues are intimately linked
with human capital development. Since both Australia and the United
States have created extensive policies to address these three
issues, there is potential for each to learn from the other's
experiences and policies. This volume helps fulfill that
potential.
The authors demonstrate that in both nations, the effects of low
family income and income inequality emerge early in life and
persist. However, policies that increase parental employment,
augment family income, and promote quality preschool and
postsecondary education can boost children's development and at
least partially offset the negative developmental effects of family
economic disadvantage.
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