IFS Working Paper (W17/06)

Estimating the production function for human capital: results from a randomized controlled trial in Colombia

Date: 27 April 2017
Authors:
Publisher: The IFS
DOI: 10.1920/WP.IFS.2017.1706

We examine the channels through which a randomized early childhood intervention in Colombia led to signi cant 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 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 e ffects of the program can be explained by increases in parental investments, which have strong e ffects on outcomes and are complementary to both maternal skills and child's baseline skills.