Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model
James Heckman and
Lakshmi Raut ()
MPRA Paper from University Library of Munich, Germany
Using the NLSY79 and the NLSY79 Children and Young Adults datasets, this paper formulates, provides conditions for parametric and non-parametric identification and empirically estimates the parameters of an altruistic model of parental preschool investment within a structural dynamic programming framework. It then examines the effect of a publicly provided preschool policy to disadvantaged children on their educational and labor market achievements, and also on the inter-generational long-term effects on social mobility, college mobility, and earnings inequality. The paper calculates the tax burden of such a social contract policy, taking into account these intra- and inter-generational effects.
Keywords: Preschool Investment; Early Childhood Development; Intergenerational Social Mobility; Structural Dynamic Programming (search for similar items in EconPapers)
JEL-codes: C5 I21 (search for similar items in EconPapers)
Date: 2002-01-27, Revised 2009-12-23
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Journal Article: Intergenerational long-term effects of preschool-structural estimates from a discrete dynamic programming model (2016)
Working Paper: Intergenerational Long Term Effects of Preschool: Structural Estimates from a Discrete Dynamic Programming Model (2013)
Working Paper: Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20657
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