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Title: Intergenerational Long-term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model
Resulting in 1 citation.
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Heckman, James J. Raut, Lakshmi K. |
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Intergenerational Long-term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model Journal of Econometrics 191,1 (March 2016): 164-175. Also: http://www.sciencedirect.com/science/article/pii/S0304407615002493 Cohort(s): Children of the NLSY79, NLSY79 Publisher: Elsevier Keyword(s): Armed Forces Qualifications Test (AFQT); Children, Academic Development; Children, Behavioral Development; Earnings; Head Start; Intergenerational Patterns/Transmission; Mobility, Schools; Noncognitive Skills; Pearlin Mastery Scale; Preschool Children; Rosenberg Self-Esteem Scale (RSES) (see Self-Esteem); Sociability/Socialization/Social Interaction; Socioeconomic Status (SES) This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and non-cognitive skills, which enhance earnings and school outcomes. It also finds that a standard Mincer earnings function, by omitting measures of non-cognitive skills on the right-hand side, overestimates the rate of return to schooling. From the estimated equilibrium Markov process, the paper studies the nature of within generation earnings distribution, intergenerational earnings mobility, and schooling mobility. The paper finds that a tax-financed free preschool program for the children of poor socioeconomic status generates positive net gains to the society in terms of average earnings, higher intergenerational earnings mobility, and schooling mobility. |
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Bibliography Citation
Heckman, James J. and Lakshmi K. Raut. "Intergenerational Long-term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model." Journal of Econometrics 191,1 (March 2016): 164-175.
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