Estimating the Technology of Cognitive and Noncognitive Skill Formation
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This paper was supported by grants from the National Science Foundation (SES-0241858, SES- 0099195, SES-0452089, SES-0752699); the National Institute of Child Health and Human Development (R01HD43411); the J. B. and M. K. Pritzker Foundation; the Susan Buffett Foundation; the American Bar Foundation; the Children's Initiative, a project of the Pritzker Family Foundation at the Harris School of Public Policy Studies at the University of Chicago; and PAES, supported by the Pew Foundation, as well as the National Institutes of Health|National Institute on Aging (P30 AG12836), the Boettner Center for Pensions and Retirement Security and the NICHD R24 HD-0044964 at the University of Pennsylvania. We thank the editor and three anonymous referees for very helpful comments. We have also benefited from comments received from Orazio Attanasio, Gary Becker, Sarah Cattan, Philipp Eisenhauer, Miriam Gensowski, Jeffrey Grogger, Lars Hansen, Chris Hansman, Kevin Murphy, Petra Todd, Ben Williams, Ken Wolpin, and Junjian Yi, as well as from participants at the Yale Labor/Macro Conference (May 2006), University of Chicago Applications Workshop (June 2006), the New York University Applied Microeconomics Workshop (March 2008), the University of Indiana Macroeconomics Workshop (September 2008), the Applied Economics and Econometrics Seminar at the University of Western Ontario (October 2008), the Empirical Microeconomics and Econometrics Seminar at Boston College (November 2008), the IFS Conference on Structural Models of the Labour Market and Policy Analysis (November 2008), the New Economics of the Family Conference at the Milton Friedman Institute for Research in Economics (February 2009), the Econometrics Workshop at Penn State University (March 2009), the Applied Economics Workshop at the University of Rochester (April 2009), the Economics Workshop at Universidad de los Andes, Bogota (May 2009), the Labor Workshop at University of Wisconsin-Madison (May 2009), the Bankard Workshop in Applied Microeconomics at the University of Virginia (May, 2009), the Economics Workshop at the University of Colorado-Boulder (September, 2009), and the Duke Economic Research Initiative (September, 2009). A website containing supplementary material is available at http://jenni.uchicago.edu/elast-sub. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.