Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24567
Authors: 
Pfeiffer, Friedhelm
Reuß, Karsten
Year of Publication: 
2007
Series/Report no.: 
ZEW Discussion Papers 07-015
Abstract: 
In this study, we try to connect the economic literature on human capital formation with findings from neurobiology and psychology on early childhood development and self-regulation. Our basic framework for assessing the distribution of agespecific returns to investment in skills is an elaboration of the model of skill formation from Cunha, Heckman et al. (2006) over the life cycle. Our simulation based evidence illustrates the cumulative and synergetic nature of skill formation, the skill multiplier and the shaping role early childhood has for human capital formation, growth and inequality.
Subjects: 
Intelligence
self-regulation
human capital
returns to education
life span
JEL: 
J21
J31
J24
Document Type: 
Working Paper

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