ECON 151 Lecture Notes - Lecture 54: Jonkheer
4 Dec 2020
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Average kid in primary education is ~,000. Benefit is almost entirely driven by reduction in price b/c crime is usually the most costly for society. Crime cost in terms of consequence of crime can be high & costs to combat crime are high (police/judiciary/lawyers/incarceration costs) Abecedarian and perry have similar results: large early results and fade out; Barham, macours, malucio "boys" cognitive skill formation and physical growth: long-term. Experimental evidence on critical ages for early childhood interventions", aer 2013. In developing countries, we can test not only education but health/medical intervention. One old paper in jamaica (granthan mcgregor) have shown strong effect of a nutritional intervention on cognitive development, short and long term (120 individuals) Authors look at the effect of a cct in nicaragua very early (utero - age 2) and later (2-5) Participants had to engage into nutritional, health and educational behavior beneficial to their children. Positive impacts using non experimental identification strategies in many countries:
