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Child Skill Production : Accounting for Parental and Market-Based Time and Goods Investments

Caucutt, Elizabeth M. - 2020

Persistent link: https://www.econbiz.de/10012481141

Child skill production : accounting for parental and market-based time and goods investments

Caucutt, Elizabeth M.; Lochner, Lance; Mullins, Joseph; … - 2020

Persistent link: https://www.econbiz.de/10012304075

Child Skill Production : Accounting for Parental and Market-Based Time and Goods Investments

Caucutt, Elizabeth M.; Lochner, Lance; Mullins, Joseph; … - 2022

This paper studies the multidimensional nature of investments in children within a dynamic framework. In particular, we … to estimate the skill production technology for children ages 12 and younger. Our estimates suggest complementarity … explain more than half of the investment expenditure gap between college-educated and non-college-educated parents. We further …

Persistent link: https://www.econbiz.de/10014093597

Education, work, and crime : theory and evidence

Lochner, Lance - 1999

Persistent link: https://www.econbiz.de/10001440551

Education, work, and crime : a human capital approach

Lochner, Lance - In: International economic review 45 (2004) 3, pp. 811-843

Persistent link: https://www.econbiz.de/10002186431

Education, Work, and Crime : A Human Capital Approach

Lochner, Lance - 2021

This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work and expected costs associated with incarceration. Older, more intelligent, and more educated adults should commit fewer street (unskilled) crimes. White collar crimes decline...

Persistent link: https://www.econbiz.de/10013246681

Earnings Functions and Rates of Return

Heckman, James J.; Lochner, Lance; Todd, Petra - 2021

The internal rate of return to schooling is a fundamental economic parameter that is often used to assess whether expenditure on education should be increased or decreased. This paper considers alternative approaches to estimating marginal internal rates of return for different schooling levels....

Persistent link: https://www.econbiz.de/10013325368

The nature of credit constraints and human capital

Lochner, Lance; Monge-Naranjo, Alexander - 2010

We develop a human capital model with borrowing constraints explicitly derived from government student loan programs and private lending under limited commitment. Two key implications of our analysis are: (i) binding constraints may not depress investment; and (ii) a positive relationship...

Persistent link: https://www.econbiz.de/10003951129

Education policy and crime

Lochner, Lance - 2010

This paper discusses the relationship between education and crime from an economic perspective, developing a human capital-based model that sheds light on key ways in which early childhood programs and policies that encourage schooling may affect both juvenile and adult crime. The paper first...

Persistent link: https://www.econbiz.de/10003951220

The impact of family income on child achievement : evidence from the earned income tax credit

Dahl, Gordon B.; Lochner, Lance - 2011

measurement error. In this paper, we use an instrumental variables strategy to estimate the causal effect of income on children … $2,100, between 1993 and 1997. Using a panel of roughly 4,500 children matched to their mothers from National … math and reading test scores by 6% of a standard deviation in the short-run. Test gains are larger for children from …

Persistent link: https://www.econbiz.de/10009315657