Estimating the Production Function for Human Capital: Results from a Randomized Controlled Trial in Colombia
52 Pages Posted: 27 Apr 2017
Date Written: April 26, 2017
We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disadvantaged children aged 12 to 24 months at baseline. We estimate the determinants of material and time investments in these children and evaluate the impact of the treatment on such investments. We then estimate the production functions for cognitive and socio-emotional skills. The effects of the program can be explained by increases in parental investments, which have strong effects on outcomes and are complementary to both maternal skills and child’s baseline skills.
Keywords: Early Childhood Development, Human Capital, Poverty Alleviation, Nonlinear Factor Models
JEL Classification: J13, J24, I24, I25, I32, O15
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