Investing in Our Young People

Flavio Cunha and James Heckman

No 16201, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D91 J13 J24 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-ltv
Note: CH ED
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Published as 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.

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