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Life Kit: Parenting

A Business-Minded Way To Make Tough Family Decisions

Life Kit: Parenting

NPR

Kids & Family

4.4 β€’ 634 Ratings

πŸ—“οΈ 9 August 2021

⏱️ 18 minutes

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Summary

Having elementary-aged kids at home can mean a maze of tough decisions about how to run your family and what's right for your small children. Economist Emily Oster offers ways to streamline decision-making with strategies β€” and data β€” that work in the business world.

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Transcript

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0:00.0

Support for NPR and the following message comes from the Robert Wood Johnson Foundation.

0:05.4

RWJF is a national philanthropy working toward a future where health is no longer a privilege but a right.

0:12.1

Learn more at RWJF.org.

0:15.4

This is NPR's Life Kit, and I'm Elise Hugh.

0:21.5

Parenting is full of decisions. Things like, should I get my kid a phone? And if so, when

0:27.8

should I get that phone? How many after-school activities should my daughters be doing?

0:32.9

The best we can hope for with a decision structure of any sort is to feel like we made the decision

0:37.8

in the right way. But it's not really possible to know we made the right decision. And sometimes

0:42.6

recognizing that, I think, is helpful for sort of actually making a decision and moving on.

0:48.5

This is economist Emily Oster. She is the author of a new parenting book called The Family

0:53.1

Firm, a data-driven guide to better

0:55.4

decision-making in the early school years. And the idea of having a family operate a little bit

1:00.9

like a business or a family firm, as she calls it, can help parents slow down and make rational

1:06.6

decisions. I think really at the core it means taking seriously the decisions we make in our family.

1:13.0

The motivation for me here was thinking about the kinds of choices that we are making as our kids

1:18.6

are older and that actually realizing that many of the tools that I use to organize my work

1:24.5

life would also be really helpful in organizing my home life and that they would

1:29.0

make it easier to make good choices and choices that I was ultimately happy with in my house.

1:34.3

She's written three books on parenting now.

1:36.6

And Emily says treating decision making like she means business has made parenting much more

1:40.8

manageable.

1:41.9

But even for the expert, parenting children between the ages of

...

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