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  3. American Economic Review
  4. January 2020
  5. Estimating the Production Function for Human Capital: Results from a Randomized Controlled Trial in Colombia

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

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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 aged 12 to 24 months at baseline. We estimate the determinants of parents' material and time investments in these children and evaluate the impact of the treatment on such investments. We then estimate the production functions for cognitive and socio-emotional skills. The effects of the program can be explained by increases in parental investments, emphasizing the importance of parenting interventions at an early age.

Citation

Attanasio, Orazio, Sarah Cattan, Emla Fitzsimons, Costas Meghir, and Marta Rubio-Codina. 2020. "Estimating the Production Function for Human Capital: Results from a Randomized Controlled Trial in Colombia." American Economic Review, 110 (1): 48-85. DOI: 10.1257/aer.20150183

Additional Materials

JEL Classification

  • I24 Education and Inequality
  • I28 Education: Government Policy
  • J13 Fertility; Family Planning; Child Care; Children; Youth
  • J24 Human Capital; Skills; Occupational Choice; Labor Productivity
  • O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration