@techreport{NBERw16201, title = "Investing in Our Young People", author = "Flavio Cunha and James J. Heckman", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "16201", year = "2010", month = "July", URL = "http://www.nber.org/papers/w16201", 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.}, }