Physical, cognitive, and psychosocial development occurs during childhood and adolescence according to several theories. During childhood, Piaget's concrete operational stage involves more logical and flexible thought. Erikson's industry vs. inferiority stage emphasizes competence. In adolescence, physical changes occur through puberty. Piaget's formal operational stage involves abstract thinking. Erikson's identity vs. confusion stage focuses on identity formation. Kohlberg's theory outlines increasing moral reasoning. Relationships with parents become more distant while peers become important for socialization and identity.