Abstract

http://ssrn.com/abstract=1641577
 
 

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Investing in Our Young People


Flavio Cunha


University of Pennsylvania - Department of Economics

James J. Heckman


University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute)

July 2010

NBER Working Paper No. w16201

Abstract:     
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.

Number of Pages in PDF File: 33

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Date posted: July 19, 2010  

Suggested Citation

Cunha, Flavio and Heckman, James J., Investing in Our Young People (July 2010). NBER Working Paper No. w16201. Available at SSRN: http://ssrn.com/abstract=1641577

Contact Information

Flavio Cunha (Contact Author)
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Room 527
Philadelphia, PA 19104
United States
215-898-5652 (Phone)
James J. Heckman
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
773-702-0634 (Phone)
773-702-8490 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
American Bar Foundation
750 N. Lake Shore Drive
Chicago, IL 60611
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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