Human Capital Development

Mark Mitchell, Marta Favara, Catherine Porter and Alan Sánchez
Authors registered in the RePEc Author Service: Alan Sanchez

No 308280110, Working Papers from Lancaster University Management School, Economics Department

Abstract: We estimate a dynamic model of multidimensional human capital development from childhood through adolescence and into early adulthood for a Peruvian cohort born in 1994. We exploit multiple measures of cognitive and socio-emotional skills and a latent factor structure to estimate flexible skills production functions between the ages of 8 and 22. We focus particularly on socio-emotional skill development, and provide the first estimates of such skill production over such a long period in a developing country context. In the last period, when individuals reach adulthood at age 22, we show that socio-emotional skills can be separated into two distinct domains - social skills and task effectiveness skills- which develop differently especially with regard to time use and cross-productivity with cognition. We find that individuals with higher task effectiveness are less likely to have engaged in risky behaviours such as smoking, taking drugs, and engaging with gangs.

Keywords: Human capital; child development; dynamic factor analysis; socio-emotional skills (search for similar items in EconPapers)
JEL-codes: C38 J13 J24 O15 O54 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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