Monday, August 16, 2010

Cunha and Heckman IZA Paper - Investing in Young People

Investing in Our Young People
by Flavio Cunha, James J. Heckman
(July 2010)

This paper reviews the recent literature on the production of skills of young persons. The literature features the multiplicity of skills that explain success in a variety of life outcomes. Noncognitive skills play a fundamental role in successful lives. The dynamics of skill formation reveal the interplay of cognitive and noncognitive skills, and the presence of critical and sensitive periods in the life-cycle. We discuss the optimal timing of investment over the life-cycle.
Text: See Discussion Paper No. 5050  

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