Heckman, James and Raut, Lakshmi (2002): Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model.
Download (308kB) | Preview
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 Institutions > I21 - Analysis of Education
|Depositing User:||Lakshmi Raut|
|Date Deposited:||13. Feb 2010 17:14|
|Last Modified:||17. Feb 2013 22:42|
Aguirregabiria, V. and P. Mira (2002), "Swapping the Nested fixed Point Algorithm: A Class of Estimators for Discrete Markov Decisions Models," Econometrica, vol.70(4):1519- 1543.
Barnett, W. Steven (1995), " Long-Term Effects of Early Childhood Programs on Cognitive and School Outcomes," The Future of Children: Long-Term Outcomes of Early Childhood Programs, Vol. 5(3):25-50.
Bhattacharya, R. and M. Majumdar (1989), "Controlled Semi-Markov Model -The Discounted Case," Journal of Statistical Planning and Inference, vol.21:365-381.
Campbell, F. A., R. Helms, J.J. Sparling and C. T. Ramey (1998) "Early Childhood Progrmas and Success in School: The Abecedarian Study" in (eds) W. Steven Barnett and Sarane Spence Boocock, "Early Care and Education for Children in Poverty: Promises, Programs, and Long-Term Results", State University of New York Press, New York.
Coleman James et al. (1966), "Equality of Educational Opportunity," Washington DC, U.S. GPO.
Cunha, Flavio, James J. Heckman, Lancel Lochner and Dimitry V. Masterov (2006), "Interpreting the evidence of life cycle skill formaiton," Chapter 12, in (eds) Eric A. Hanushek and Finis Wetch, "Handbook of the Economics of Education," Volume 1, Elsevier B.V.
Currie, Janet (2001) "Early Childhood Education Programs," Journal of Economic Perspectives, vol.15(2):213-238.
Currie, Janet and Duncan Thomas(2000), "School Quality and Longer Term Effect of Head Start," Journal of Human Resources, Vol. 35(4):755-74.
Currie, Janet and Duncan Thomas(1995), "Does Head Start Make a Difference?," American Economic Review, Vol. 85, No. 3., pp. 341-364.
Entwisle, Dorris (1995) "The Role of Schools in Sustaining Early Childhood Program Benefits," The Future of Children: Long-Term Outcomes of Early Childhood Programs, Vol. 5(3).
Hansen Lars Peter and Thomas Sargent (1981), "Formulating and Estimating Dynamic Linear Rational Expectations Models," in Lucas, Robert and Thomas Sargent (eds), "Rational Expectations and Econometric Practice": Minneapo1is:University of Minnesota Press.
Hanushek, Eric A. (1986), "The Economics of Schooling: Production and Efficiency in Public Schools," Journal of Economic Literature, Vol. 24, No. 3. pp. 1141-1177.
Heckman, James (2000) "Policies to Foster Human Capital," Research in Economics, 54(1):3- 56.
Heckman, James and Yona Rubinstein (2001), "The Importance of Noncognitive Skills: Lessons from the GED Testing Program," American Economic Review, 91(2):145- 149. 32
Hotz, J. and R. A. Miller (1993), "conditional Choice Probabilities and the Estimation of Dynamic Models," Review of Economic Studies, Vol.60:497-529.
McCormick, Kathleen (1989), "An Equal Chance: Educating At-Risk Children to Succeed," Alexandria, Virginia: National School Board Associations.
McFadden, Daniel (1981), "Econometric Models of Probabilistic Choice," in (eds), C.
Manski and D. McFaden "Structural Analysis of Discrete Data with Econometric Applications," Cambridge, MA: MIT Press.
Mohanty, Lisa and Lakshmi K. Raut (2009), "Home Ownership and School Outcomes of Children: Evidence from the PSID Child Development Supplement," American Journal of Economics and Sociology, 68:2, 465-489.
Nishimura, Kazuo and Lakshmi K. Raut (2007), "School Choice and the Intergenerational Poverty Trap," Review of Development Economics, 11(2) , 412-420,2007.
Pearlin, Leonard I.; Lieberman, Morton A.; Menaghan, Elizabeth G.; and Mullan, Joseph T. (1981), "The Stress Process," Journal of Health and Social Behavior 22 (December): 337-353.
Praskash Rao, B. L. S. (1992), "Identifiability in Stochastic Models: Characterization of Probability Distributions," New York: Academic Press, Inc.
Raut, Lakshmi K. (1995), "Signaling Equilibrium, Intergenerational Social Mobility and Long Run Growth," draft presented at the Seventh World Congress Meeting of the Econometric Society, Tokyo, 1995 http://papers.ssrn.com/abstract=852924.
Rosenberg, Morris. (1965), "Society and the Adolescent Self- Image. Princeton," New Jersey: Princeton University Press.
Rust, John (1987), "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher," Econometrica,Vol. 55(5),999-1033.
Rust, John (1994), "Structural Estimation of Markov Decision Processes", in (eds) R.F. Engle and D.L. MacFadden, "Handbook of Econometrics, Volume IV," Elsevier Science B.V.
Schweinhart, Lawrence J., Helen V. Barnes, and David P. Weikart (1993) "Significant Benefits: The High/Scope Perry Preschool Study Through Age 27," Ypsilanti, Michigan: The High/Scope Press.
Sommers, Paul. M. and John Conlisk (1979), "Eigenvalue Immobility Measures for Markov Chains", Journal of Mathematical Sociology, vol.6:253-276.
Traub, James (2000) "What No School Can Do," The New York Times Magazine, January 16, 2000, section 6, pp.52-57.