Heckman, James and Raut, Lakshmi (2002): Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model.
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Using the NLSY79 and the NLSY79 Children and Young Adults datasets, this paper formulates, provides conditions for parametric and non-parametric identification and empirically estimates the parameters of an altruistic model of parental preschool investment within a structural dynamic programming framework. It then examines the effect of a publicly provided preschool policy to disadvantaged children on their educational and labor market achievements, and also on the inter-generational long-term effects on social mobility, college mobility, and earnings inequality. The paper calculates the tax burden of such a social contract policy, taking into account these intra- and inter-generational effects.
|Item Type:||MPRA Paper|
|Original Title:||Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model|
|Keywords:||Preschool Investment, Early Childhood Development, Intergenerational Social Mobility, Structural Dynamic Programming|
|Subjects:||C - Mathematical and Quantitative Methods > C5 - Econometric Modeling
I - Health, Education, and Welfare > I2 - Education and Research Insititutions > I21 - Analysis of Education
|Depositing User:||Lakshmi Raut|
|Date Deposited:||13. Feb 2010 17:14|
|Last Modified:||17. Feb 2013 22:42|
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