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 …

importance of credit constraints in forming skills is examined. There is little support for the claim that untargeted income … will better capture the active role of the emerging autonomous child in learning and responding to the actions of parents …

outcomes (including children's own expected lifetime resources and education) than the income measures traditionally used in … of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …

internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …

rates of return that takes into account tuition, income taxes and forms of uncertainty. We also contrast estimates based on …

-American children in the 1960s. We discuss the design of the experiment, compromises in and adjustments to the randomization protocol …

This paper examines the impact of the iconic Perry Preschool Project on the children and siblings of the original … participants. The children of treated participants have fewer school suspensions, higher levels of education and employment, and … lower levels of participation in crime, compared with the children of untreated participants. Impacts are especially …