A Model of Intervention in Childhood
AbstractThis paper describes a model and resulting simulations to assess the appropriate age structure of intervention in childhood on the theme: should we intervene early or late? We use asset theory approaches to construct a general model of state investment whose aim is to reduce inequality in human capital. We set out the key parameters of such a model, clarifying the assumptions that must be made by state planners or economists in assessing the relative value of targeted investment at different ages in the presence of a range of elements of uncertainty. We simulate the model showing how the age-investment schedule will vary under different assumptions. Early investment is highly valued because of the likely decline with age in effectiveness but the trade-offs are strongly moderated by other important assumptions around which there is uncertainty or are choice variables of the state planner.
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Bibliographic InfoPaper provided by Geary Institute, University College Dublin in its series Working Papers with number 200809.
Length: 24 pages
Date of creation: 27 Mar 2008
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-07 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Victor R. Fuchs, 1982.
"Time Preference and Health: An Exploratory Study,"
NBER Working Papers
0539, National Bureau of Economic Research, Inc.
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