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This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identification of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …
Persistent link: https://www.econbiz.de/10010274255
of return that takes into account tuition, income taxes and forms of uncertainty. We also contrast estimates based on a …
Persistent link: https://www.econbiz.de/10010275688
forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …
Persistent link: https://www.econbiz.de/10010274207
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10010276910
complementarities in skill formation. Investments in the human capital of children should expand relative to investment in older workers …
Persistent link: https://www.econbiz.de/10010274258