The Economics, Technology and Neuroscience of Human Capability Formation
This paper begins the synthesis of two currently unrelated literatures: the human capital approach to health economics and the economics of cognitive and noncognitive skill formation. A lifecycle investment framework is the foundation for understanding the origins of human inequality and for devising policies to reduce it.
A version of this paper was presented at the conference "Economic Causes and Consequences of Population Aging," Robert Fogel's 80th birthday celebration, November 18, 2006. This research was supported by NIH R01-HD043411, NSF SES-024158, the Committee for Economic Development with a grant from The Pew Charitable Trusts and the Partnership for America's Economic Success, and the J.B. Pritzker Consortium on Early Childhood Development at the Harris School of Public Policy, University of Chicago. I thank Dora Costa, Flavio Cunha, Michael Grossman, Burton Singer and an anonymous reviewer for helpful comments. The views expressed in this paper are mine and not necessarily those of the funders listed here. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.