CFDP 1987

Estimating the Production Function for Human Capital: Results from a Randomized Control Trial in Colombia

Author(s): 

Publication Date: February 2015

Pages: 91

Abstract: 

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.

Keywords: 

Early childhood development, Human capital, Poverty alleviation, Nonlinear factor models

JEL Classification Codes:  J13, J24, I24, I25, I32, O15

See CFDP Version(s): CFDP 1987RCFDP 1987R2CFDP 1987R3