Age-dependent Skill Formation and Returns to Education

Friedhelm Pfeiffer and Karsten Reuß ()

No 07-015, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: In this study, we try to connect the economic literature on human capital formation with findings from neurobiology and psychology on early childhood development and self-regulation. Our basic framework for assessing the distribution of agespecific returns to investment in skills is an elaboration of the model of skill formation from Cunha, Heckman et al. (2006) over the life cycle. Our simulation based evidence illustrates the cumulative and synergetic nature of skill formation, the skill multiplier and the shaping role early childhood has for human capital formation, growth and inequality.

Keywords: Intelligence; self-regulation; human capital; returns to education; life span (search for similar items in EconPapers)
JEL-codes: J21 J24 J31 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-edu and nep-hrm
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Citations: View citations in EconPapers (8)

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Journal Article: Age-dependent skill formation and returns to education (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:5503

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