PIP: This study estimates the effects of children's economic contributions on parents' allocation of time for income-earning activities, care of preschool children, non-income home production, and leisure activities in Ile-Ife, Nigeria. Fathers spent 65% of work time, mothers 20%, and children 15% during the assessment of family time allocation and income contribution. Demographic factors affecting the parents' time for the children include age of parents, age and sex of children and the number of other people living in the household. Economic factors affecting parents' time allocation include education, house value, wealth, and combined income of parents. Major observations noted were the following: 1) children contribute non-negligible amounts of income and time to their families' income-earning activities; 2) they play important roles in non-income home production and child care activities; 3) their presence has a considerable influence on their parent's allocation of time; 4) children appear to stimulate fathers to work longer hours at the expense of leisure; 5) young children reduce mothers' time in income-earning activities and leisure time; 6) older male children substitute for mothers' shorter work time; 7) older female children substitute for mothers' lesser home production time; and 8) older children of both sexes appear to increase mothers' leisure time.