TY - RPRT AU - Cunha, Flavio AU - Heckman, James J. TI - Investing in Our Young People PY - 2010/Jul/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 5050 UR - https://www.iza.org/publications/dp5050 AB - This paper reviews the recent literature on the production of skills of young persons. The literature features the multiplicity of skills that explain success in a variety of life outcomes. Noncognitive skills play a fundamental role in successful lives. The dynamics of skill formation reveal the interplay of cognitive and noncognitive skills, and the presence of critical and sensitive periods in the life-cycle. We discuss the optimal timing of investment over the life-cycle. KW - technology of skill formation KW - noncognitive skills KW - cognitive skills KW - skill formation KW - investment in children ER -