TY  - RPRT
        AU  - Pfeiffer, Friedhelm
AU  - Reuss, Karsten
        TI  - Age-Dependent Skill Formation and Returns to Education: Simulation Based Evidence
        PY  - 2007/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2882
        UR  - https://www.iza.org/index.php/publications/dp2882
        AB  - This study integrates findings from neurobiology and psychology on early childhood development and self-regulation to assess returns to education. Our framework for evaluating the distribution of age-specific returns to investments in cognitive and noncognitive skills is a lifecycle simulation model based on the technology of skill formation (Cunha and Heckman (2007)). Our findings illustrate 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.
        KW  - life span
KW  - human capital
KW  - self-regulation
KW  - intelligence
KW  - returns to education
        ER  -