> In their 2019 book, Love, Money, and Parenting: How Economics Explains the Way We Raise Our Kids, Matthias Doepke and Fabrizio Zilibotti theorise that the rea

> In their 2019 book, Love, Money, and Parenting: How Economics Explains the Way We Raise Our Kids, Matthias Doepke and Fabrizio Zilibotti theorise that the realisation a comfortable life has become impossible to attain without a top-quality education has sparked intense status competition between parents. They feel compelled to invest huge amounts of time and effort into optimising their kids’ upbringing. This may have become a deterrent. This paragraph seems to contradict the thesis of the article that this is a cultural shift as opposed to an economic one. Or perhaps culture is downstream from economics.