It is often assumed that early life circumstances, in particular before age two, are important for later human capital development. Using experimental variation in the timing of benefits from a conditional cash transfer program, we test the hypothesis that intervention starting in utero and...

Using a new nationally representative dataset, we find minor differences in test outcomes between black and white infants that disappear with a limited set of controls. However, relative to whites, all other races lose substantial ground by age two. Combining our estimates with results in prior...

A model of human capital investment and activity choice is used to explain facts describing gender differentials in the levels and returns to human capital investments and occupational choice. These include the higher return to and level of schooling, the small effect of healthiness on wages,...