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IZA
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Investing in Our Young People
by
Flavio Cunha, James J. Heckman
(July 2010)
published in: Arthur Reynolds, Arthur Rolnick, Michelle M. Englund, and Judy A. Temple (eds.), Cost-Effective Programs in Children's First Decade: A Human Capital Integration, New York: Cambridge University Press, 2010, 381-414
Abstract:
This paper reviews the recent literature on the production of skills of young persons. The literature features the multiplicity of skills that explain success in a variety of life outcomes. Noncognitive skills play a fundamental role in successful lives. The dynamics of skill formation reveal the interplay of cognitive and noncognitive skills, and the presence of critical and sensitive periods in the life-cycle. We discuss the optimal timing of investment over the life-cycle.
Text: See Discussion Paper No. 5050 
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