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Human Capital Investment under Exit Options: Evidence from a Natural Quasi-Experiment
Chand, Satish; Clemens, Michael A. - 2019
Theory suggests that groups historically subject to discrimination, such as Jews, could exhibit traditionally high investment in education because discrimination spurred exit facilitated by human capital. Theory moreover suggests that if exit is uncertain, it could induce investment in skill...
Persistent link: https://www.econbiz.de/10012005874
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The economics and psychology of inequality and human development
Cunha, Flavio; Heckman, James Joseph - 2009
Recent research on the economics of human development deepens understanding of the origins of inequality and excellence …. It draws on and contributes to personality psychology and the psychology of human development. Inequalities in family … environments and investments in children are substantial. They causally affect the development of capabilities. Both cognitive and …
Persistent link: https://www.econbiz.de/10010274252
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Personality psychology and economics
Almlund, Mathilde; Duckworth, Angela Lee; Heckman, James J. - 2011
This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...
Persistent link: https://www.econbiz.de/10010278622
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Parenting Style as an Investment in Human Development
Cobb-Clark, Deborah A.; Salamanca, Nicolas; Zhu, Anna - 2016
We propose a household production function approach to human development in which the role of parenting style in child … rearing is explicitly considered. Specifically, we model parenting style as an investment in human development that depends … linked to parenting style and human development through the constraints that it places on cognitive capacity. Our model finds …
Persistent link: https://www.econbiz.de/10011451260
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Going Beyond GDP with a Parsimonious Indicator: Inequality-Adjusted Healthy Lifetime Income
Bloom, David E.; Fan, Victoria Y.; Kufenko, Vadim; … - 2020
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life," such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements....
Persistent link: https://www.econbiz.de/10012180156
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Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers
Bloom, David E.; Khoury, Alexander; Kufenko, Vadim; … - 2020
Education, general health, and reproductive health are key indicators of human development. Investments in these … domains can also promote economic growth. This paper argues for the importance of human development related investments based … development related investments can promote growth, and iii) own empirical analyses that aim at estimating the relative …
Persistent link: https://www.econbiz.de/10012180157
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Parenting Promotes Social Mobility Within and Across Generations
García, Jorge Luis; Heckman, James J. - 2022
This paper compares early childhood enrichment programs that promote social mobility for disadvantaged children within and across generations. Instead of conducting a standard meta-analysis, we present a harmonized primary data analysis of programs that shape current policy. Our analysis is a...
Persistent link: https://www.econbiz.de/10013470435
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Fostering and Measuring Skills: Improving Cognitive and Non-Cognitive Skills to Promote Lifetime Success
Kautz, Tim; Heckman, James J.; Diris, Ron; ter Weel, Bas; … - 2014
social environments. Skill development is a dynamic process, in which the early years lay the foundation for successful …
Persistent link: https://www.econbiz.de/10010481584
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Understanding the mechanisms through which an influential early childhood program boosted adult outcomes
Heckman, James J.; Pinto, Rodrigo; Savelyev, Peter - 2012
A growing literature establishes that high quality early childhood interventions targeted toward disadvantaged children have substantial impacts on later life outcomes. Little is known about the mechanisms producing these impacts. This paper uses longitudinal data on cognitive and personality...
Persistent link: https://www.econbiz.de/10010291343
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Understanding the Mechanisms Through Which an Influential Early Childhood Program Boosted Adult Outcomes
Heckman, James J.; Pinto, Rodrigo; Savelyev, Peter - Institute for the Study of Labor (IZA) - 2012
A growing literature establishes that high quality early childhood interventions targeted toward disadvantaged children have substantial impacts on later life outcomes. Little is known about the mechanisms producing these impacts. This paper uses longitudinal data on cognitive and personality...
Persistent link: https://www.econbiz.de/10010887064