Investing in Our Young People
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.
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. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Flavio Cunha & James J. HECKMAN, 2009. "Investing in our Young People," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 117(3), pages 387-418. citation courtesy of