In this paper we study the process of children's skill formation. The identification of this process is challenging … because children's skills are observed only through arbitrarily scaled and imperfect measures. Using a dynamic la- tent factor …. Moreover, we find that the marginal productivity of early investments is substantially higher for children with lower existing …

interventions. We show that even a modest transfer of family income to families at ages 5-6 would substantially increase children …We develop a new estimator for the process of children's skill formation in which children's skills endogenously … United States, we estimate the technology of skill formation, the process of parental investments in children, and the adult …

, we provide students with information on the true population distribution of these characteristics, and observe how this …

labor market trajectories. Using an experiment to derive students’ levels of overconfidence, and preferences for …

labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for …

. We conducted a survey of high-ability currently enrolled college students and elicited beliefs about how their choice of … earnings, employment, marriage prospects, potential spousal characteristics, and fertility. We find that students perceive …

, we provide students with information on the true population distribution of these characteristics, and observe how this …