The impacts of early childhood investment: an approach through latent cognitive skills
Year: 2018
Type: dissertation
Study design: Observational Study
Abstract: This work contributes to the literature of human capital formation by estimating the impact of early childhood investment (by means of preschool attendance) over cognitive skill development. Using a longitudinal panel dataset for a single municipality, we draw the distribution of latent cognitive and non-cognitive factors and consider a dynamic model of skill formation. We find our Constant Elasticity Substitution (CES) production function to be a Cobb-Douglas. The complementarity and share parameters of the CES are stable in diverse specifications tested. We find that early investment matters for cognitive skill accumulation during childhood. Preliminar estimation for long-term cognitive production presents evidence of self-productivity (skill begets skill). Since cognitive skill is persistent overtime, early childhood investment has a positive cumulative impact in the long-term by boosting cognitive skills in earlier stages.
Source: Americanae (AECID Library)
Author: Luciana Pires
Language: English
Subfield: Education
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2898816336