Estimating the Production Function for Human Capital: Results from a Randomized Control Trial in Colombia
109 Pages Posted: 14 May 2019
Date Written: May 12, 2019
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 parents’ 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, emphasizing the importance of parenting interventions at an early age.
Keywords: Early childhood development, Human capital, Poverty alleviation, Nonlinear factor models
JEL Classification: J13, J24, I24, I25, I32, O15
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