<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Heckman, J. J.</style></author><author><style face="normal" font="default" size="100%">Raut, L. K.</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Intergenerational Long-Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model</style></title><secondary-title><style face="normal" font="default" size="100%">J Econom</style></secondary-title></titles><keywords><keyword><style  face="normal" font="default" size="100%">early childhood development</style></keyword><keyword><style  face="normal" font="default" size="100%">Intergenerational Social Mobility</style></keyword><keyword><style  face="normal" font="default" size="100%">Preschool Investment</style></keyword><keyword><style  face="normal" font="default" size="100%">Structural Dynamic Programming</style></keyword></keywords><dates><year><style  face="normal" font="default" size="100%">2016</style></year><pub-dates><date><style  face="normal" font="default" size="100%">Mar</style></date></pub-dates></dates><number><style face="normal" font="default" size="100%">1</style></number><volume><style face="normal" font="default" size="100%">191</style></volume><pages><style face="normal" font="default" size="100%">164-175</style></pages><isbn><style face="normal" font="default" size="100%">0304-4076 (Print)&lt;br/&gt;0304-4076 (Linking)</style></isbn><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and non-cognitive skills, which enhance earnings and school outcomes. It also finds that a standard Mincer earnings function, by omitting measures of non-cognitive skills on the right-hand side, overestimates the rate of return to schooling. From the estimated equilibrium Markov process, the paper studies the nature of within generation earnings distribution, intergenerational earnings mobility, and schooling mobility. The paper finds that a tax-financed free preschool program for the children of poor socioeconomic status generates positive net gains to the society in terms of average earnings, higher intergenerational earnings mobility, and schooling mobility.</style></abstract><accession-num><style face="normal" font="default" size="100%">26709326</style></accession-num><notes><style face="normal" font="default" size="100%">Heckman, James J&lt;br/&gt;Raut, Lakshmi K&lt;br/&gt;eng&lt;br/&gt;R01 HD054702/HD/NICHD NIH HHS/&lt;br/&gt;R37 HD065072/HD/NICHD NIH HHS/&lt;br/&gt;Netherlands&lt;br/&gt;2015/12/29 06:00&lt;br/&gt;J Econom. 2016 Mar;191(1):164-175. doi: 10.1016/j.jeconom.2015.10.001. Epub 2015 Oct 17.</style></notes><custom2><style face="normal" font="default" size="100%">4689204</style></custom2><auth-address><style face="normal" font="default" size="100%">Department of Economics, University of Chicago, 1126 E. 59th Street, Chicago, IL 60637, jjh@uchicago.edu , (773) 702-3478.&lt;br/&gt;Social Security Administration, 400 Virginia Avenue, SW, Suite 300, Washington, DC 20024, Lakshmi.Raut@ssa.gov , (202)358-6513.</style></auth-address></record></records></xml>