Age-dependent Skill Formation and Returns to Education


Pfeiffer, Friedhelm ; Reuß, Karsten


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URL: http://ub-madoc.bib.uni-mannheim.de/1495
URN: urn:nbn:de:bsz:180-madoc-14953
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J24 J21 J31 ,
Subject headings (SWD): Bildung , Selbstregulation , Bildungsökonomie , Fertigkeit , Lebensalter
Keywords (English): Intelligence , self-regulation , human capital , returns to education , life span
Abstract: In this study, we try to connect the economic literature on human capital formation with findings from neurobiology and psychology on early childhood development and self-regulation. Our basic framework for assessing the distribution of agespecific returns to investment in skills is an elaboration of the model of skill formation from Cunha, Heckman et al. (2006) over the life cycle. Our simulation based evidence illustrates the cumulative and synergetic nature of skill formation, the skill multiplier and the shaping role early childhood has for human capital formation, growth and inequality.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Pfeiffer, Friedhelm ; Reuß, Karsten (2007) Age-dependent Skill Formation and Returns to Education. Open Access [Working paper]
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