Economics of Foster Care
AbstractFoster care provides substitute living arrangements to protect maltreated children. The practice is remarkably common: it is estimated that 5 percent of children in the United States are placed in foster care at some point during childhood. This paper describes the main tradeoffs in child welfare policy and provides background on policy and practice most in need of rigorous evidence. Trends include efforts to prevent foster care on the demand side and to improve foster home recruitment on the supply side. With increasing data availability and a growing interest in evidence-based practices, there are opportunities for economic research to inform policies that protect vulnerable children.
CitationBald, Anthony, Joseph J. Doyle Jr., Max Gross, and Brian A. Jacob. 2022. "Economics of Foster Care." Journal of Economic Perspectives, 36 (2): 223-46. DOI: 10.1257/jep.36.2.223
- H75 State and Local Government: Health; Education; Welfare; Public Pensions
- I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
- J13 Fertility; Family Planning; Child Care; Children; Youth
- J18 Demographic Economics: Public Policy