|
AutorIn 1: |
Carneiro, Pedro |
AutorIn 2: |
Heckman, James J. |
HerausgeberIn 1: |
Institute for the Study of Labor (IZA) |
Titel: |
Human Capital Policy |
Ort: |
Bonn |
Verlag: |
Institute for the Study of Labor (IZA) |
Jahr: |
2003 |
Reihe: |
Discussion Paper No. 821 - July 2003 |
Abstract: |
"(...) This paper considers alternative policies for promoting skill formation that are targeted to different
stages of the life cycle. We demonstrate the importance of both cognitive and noncognitive skills that are
formed early in the life cycle in accounting for racial, ethnic and family background gaps in schooling and
other dimensions of socioeconomic success. Most of the gaps in college attendance and delay are determined
by early family factors. Children from better families and with high ability earn higher returns to schooling.
We find only a limited role for tuition policy or family income supplements in eliminating schooling and
college attendance gaps. At most 8% of American youth are credit constrained in the traditional usage of that
term. The evidence points to a high return to early interventions and a low return to remedial or
compensatory interventions later in the life cycle. Skill and ability beget future skill and ability. At current
levels of funding, traditional policies like tuition subsidies, improvements in school quality, job training and tax
rebates are unlikely to be effective in closing gaps. (...)"
. |
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