Long Term Effects of Preschool Investment on school Performance and Labor Market Outcome
Using the NLSY data set, this paper formulates and then empirically estimates the production processes for social, motivational and cognitive skills during early childhood development and the long-term effects of these skills on learning and life-time earnings of an individual. Using these estimated relationships, the paper provides a calibrated intergenerational altruistic model of parental investment in children's preschool. This dynamic model is then used to estimate the effects of publicly provided preschool to the children of poor socioeconomic status (SES) on college mobility and intergenerational social mobility and to estimate the tax burden of such a social contract.
|Date of creation:||21 Jul 2003|
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- Thomas, D. & Currie, J., 1993.
"Does Head Start Make a Difference?,"
694, Yale - Economic Growth Center.
- James Heckman, 2000.
"Policies to Foster Human Capital,"
0028, Harris School of Public Policy Studies, University of Chicago.
- 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 1141-77, September.
- Janet Currie, 2001. "Early Childhood Education Programs," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 213-238, Spring.
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