Estimating the Production Function for Human Capital: Results from a Randomized Control Trial in ColombiaAuthor(s):
Publication Date: February 2015
We examine the channels through which a randomized early childhood intervention in Colombia led to signiﬁcant gains in cognitive and socio-emotional skills among a sample of disadvantaged children. We estimate production functions for cognitive and socio-emotional skills as a function of maternal skills and child’s past skills, as well as material and time investments that are treated as endogenous. The eﬀects of the program can be fully explained by increases in parental investments, which have strong eﬀects on outcomes and are complementary to both maternal skills and child’s past skills.
Early childhood development, Human capital, Poverty alleviation, Nonlinear factor models
JEL Classification Codes: J13, J24, I24, I25, I32, O15