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On The Specification and Estimation of The Production Function for Cognitive Achievement

Listed author(s):
  • Petra E. Todd

    (University of Pennsylvania)

  • Kenneth I. Wolpin

    (University of Pennsylvania)

This paper considers methods for modelling the production function for cognitive achievement in a way that captures theoretical notions that child development is a cumulative process depending on the history of family and school inputs and on innate ability. It develops a general modelling framework that accommodates many of the estimating equations used in the literatures. It considers different ways of addressing data limitations, and it makes precise the identifying assumptions needed to justify alternative approaches. Commonly used specifications are shown to place restrictive assumptions on the production technology. Ways of testing modelling assumptions and of relaxing them are discussed. Copyright Royal Economic Society 2003

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Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 113 (2003)
Issue (Month): 485 (February)
Pages: 3-33

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Handle: RePEc:ecj:econjl:v:113:y:2003:i:485:p:f3-f33
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  1. Mark R. Rosenzweig & Kenneth I. Wolpin, 1988. "Heterogeneity, Intrafamily Distribution, and Child Health," Journal of Human Resources, University of Wisconsin Press, vol. 23(4), pages 437-461.
  2. Steven G. Rivkin & Eric A. Hanushek & John F. Kain, 2005. "Teachers, Schools, and Academic Achievement," Econometrica, Econometric Society, vol. 73(2), pages 417-458, 03.
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  9. Eric A. Hanushek, 2003. "The Failure of Input-Based Schooling Policies," Economic Journal, Royal Economic Society, vol. 113(485), pages 64-98, February.
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  11. Hanushek, Eric A., 2002. "Publicly provided education," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 30, pages 2045-2141 Elsevier.
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  14. Alan B. Krueger, 1998. "Reassessing the view that American schools are broken," Economic Policy Review, Federal Reserve Bank of New York, issue Mar, pages 29-43.
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  16. Arleen Leibowitz, 1974. "Home Investments in Children," NBER Chapters, in: Economics of the Family: Marriage, Children, and Human Capital, pages 432-456 National Bureau of Economic Research, Inc.
  17. Hanushek, Eric A., 2006. "School Resources," Handbook of the Economics of Education, Elsevier.
  18. Cameron, Stephen V & Heckman, James J, 1993. "The Nonequivalence of High School Equivalents," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 1-47, January.
  19. Edward Vytlacil & James J. Heckman, 2001. "Policy-Relevant Treatment Effects," American Economic Review, American Economic Association, vol. 91(2), pages 107-111, May.
  20. Sonalde Desai & P. L. Chase-Lansdale & Robert Michael, "undated". "Mother or Market? Effects of Maternal Employment on Cognitive Development of Four-year-old Children," University of Chicago - Population Research Center 88-11, Chicago - Population Research Center.
  21. Imbens, Guido W & Angrist, Joshua D, 1994. "Identification and Estimation of Local Average Treatment Effects," Econometrica, Econometric Society, vol. 62(2), pages 467-475, March.
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  31. Leibowitz, Arleen, 1974. "Home Investments in Children," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 111-131, Part II, .
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  33. Hanushek, Eric A, 1986. "The Economics of Schooling: Production and Efficiency in Public Schools," Journal of Economic Literature, American Economic Association, vol. 24(3), pages 1141-1177, September.
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  35. Murnane, Richard J & Maynard, Rebecca A & Ohls, James C, 1981. "Home Resources and Children's Achievement," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 369-377, August.
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