Intergenerational long-term effects of preschool-structural estimates from a discrete dynamic programming model.

Autor/inn/en	Heckman, James J.; Raut, Lakshmi K.
Titel	Intergenerational long-term effects of preschool-structural estimates from a discrete dynamic programming model. Gefälligkeitsübersetzung: Schätzungen einer intergenerationellen Langzeitwirkung von Investitionen in die Vorschulerziehung mithilfe eines diskreten dynamischen Programmiermodells.
Quelle	In: Journal of econometrics, 191 (2016) 1, S. 164-175 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0304-4076
DOI	10.1016/j.jeconom.2015.10.001
Schlagwörter	Bildung; Intelligenz (Psy); Kognitive Kompetenz; Lernfähigkeit; Selbsteinschätzung; Soziale Mobilität; Generation; Bildungsertrag; Vorschulerziehung; Motivation; Mobilität; Einkommen; Einkommenseffekt; Investition; Sozialer Aufstieg; Auswirkung; USA
Abstract	"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." (Author's abstract, © 2017 Elsevier).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2017/3