ECON 151 Lecture 51: ECON 151 L51
4 Dec 2020
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When investment is <6 then it explains family investment large gap. Investment of parents into your well-being and development. Link with parents ability, resources and involvement. Gap is not reduced by the education system. Gap widened b/c parents" income/background (at age 0) When kid goes to school at 6, gap stays relatively constant education does not reduce cognitive and noncognitive ability. Gap widen very early (fryer & levitt, aer 2013) No difference between black and white students - very similar. Hispanic is slightly better - not significant. No difference in cognition between kids at 9 months. Huge difference between white and black kids due to environment. Gap relatively similar between black and white and hispanic (~0. 5 sd which is about a year of school, quite significant) Gap between black and white kids = amount 1 year of schooling difference. Broken vs intact family gives the same gap as white vs black. Black families have lower stabilities in family structure.
