There is both a boring-common-unobserved case where children are expected to contribute to the household, and the less common but higher profile case where parents have written off their own chances of "making it big" and begin managing their children full time, most visibly in sports or acting/music.
>... parents have written off their own chances of "making it big" and begin managing their children full time, most visibly in sports or acting/music.
I think you just described nicely the psychology of child beauty pageants.
There is both a boring-common-unobserved case where children are expected to contribute to the household, and the less common but higher profile case where parents have written off their own chances of "making it big" and begin managing their children full time, most visibly in sports or acting/music.