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Author: Faundez, Luis F.
Resulting in 1 citation.
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Kaestner, Robert Faundez, Luis F. |
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Estimating a Theoretically Consistent Human Capital Production Function With an Application to Head Start NBER Working Paper No. 31199, National Bureau of Economic Research, April 2023. Also: https://www.nber.org/papers/w31199 Cohort(s): Children of the NLSY79, NLSY79, NLSY79 Young Adult Publisher: National Bureau of Economic Research (NBER) Keyword(s): Behavior Problems Index (BPI); Educational Attainment; Head Start; Human Capital; Labor Market Outcomes; Modeling, Fixed Effects; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); Peabody Picture Vocabulary Test (PPVT); Siblings This article describes a conceptual and empirical approach for estimating a human capital production function of child development that incorporates mother- or child-fixed effects. The use of mother- or child-fixed effects is common in this applied economics literature, but its application is often inconsistent with human capital theory. We outline the problem and demonstrate its empirical importance with an analysis of the effect of Head Start and preschool on child and adult outcomes. The empirical specification we develop has broad implications for a variety of applied microeconomic analyses beyond our specific application. Results of our analysis indicate that attending Head Start or preschool had no economically or statistically significant effect on child or adult outcomes. |
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Bibliography Citation
Kaestner, Robert and Luis F. Faundez. "Estimating a Theoretically Consistent Human Capital Production Function With an Application to Head Start." NBER Working Paper No. 31199, National Bureau of Economic Research, April 2023. |