Investing in Our Young People

Flavio Cunha and James Heckman

No 5050, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: technology of skill formation; noncognitive skills; cognitive skills; skill formation; investment in children (search for similar items in EconPapers)
JEL-codes: D91 J13 J24 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2010-07
New Economics Papers: this item is included in nep-hrm and nep-neu
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (72)

Published - published in: Arthur Reynolds, Arthur Rolnick, Michelle M. Englund, and Judy A. Temple (eds.), Cost-Effective Programs in Children's First Decade: A Human Capital Integration, New York: Cambridge University Press, 2010, 381-414

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Working Paper: Investing in Our Young People (2010)
Journal Article: Investing in our Young People (2009)
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