Search Results

View Selected Citations Select and View All Search Citations

Author: Raut, Lakshmi K.

Resulting in 4 citations.

1.	Heckman, James J. Raut, Lakshmi K.
1.	Intergenerational Long Term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model NBER Working Paper No. 19077, National Bureau of Economic Research, May 2013 Cohort(s): Children of the NLSY79, NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Armed Forces Qualifications Test (AFQT); Children, Academic Development; Children, Behavioral Development; Earnings; Head Start; Intergenerational Patterns/Transmission; Mobility, Schools; Noncognitive Skills; Pearlin Mastery Scale; Preschool Children; Rosenberg Self-Esteem Scale (RSES) (see Self-Esteem); Sociability/Socialization/Social Interaction; Socioeconomic Status (SES) 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 and intergenerational earnings 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 and higher intergenerational earnings and schooling mobility.
	Bibliography Citation Heckman, James J. and Lakshmi K. Raut. "Intergenerational Long Term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model." NBER Working Paper No. 19077, National Bureau of Economic Research, May 2013.

2.	Heckman, James J. Raut, Lakshmi K.
2.	Intergenerational Long-term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model Journal of Econometrics 191,1 (March 2016): 164-175. Also: http://www.sciencedirect.com/science/article/pii/S0304407615002493 Cohort(s): Children of the NLSY79, NLSY79 Publisher: Elsevier Keyword(s): Armed Forces Qualifications Test (AFQT); Children, Academic Development; Children, Behavioral Development; Earnings; Head Start; Intergenerational Patterns/Transmission; Mobility, Schools; Noncognitive Skills; Pearlin Mastery Scale; Preschool Children; Rosenberg Self-Esteem Scale (RSES) (see Self-Esteem); Sociability/Socialization/Social Interaction; Socioeconomic Status (SES) 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.
	Bibliography Citation Heckman, James J. and Lakshmi K. Raut. "Intergenerational Long-term Effects of Preschool--Structural Estimates from a Discrete Dynamic Programming Model." Journal of Econometrics 191,1 (March 2016): 164-175.

3.	Raut, Lakshmi K.
3.	Long Term Effects of Preschool Investment on School Performance and Labor Market Outcome Presented: Denver, CO, Western Economic Association Annual Meeting, July 2003. Also: http://econwpa.wustl.edu:8089/eps/lab/papers/0307/0307002.pdf Cohort(s): NLSY79 Publisher: Western Economic Association International Keyword(s): Armed Forces Qualifications Test (AFQT); Children, Academic Development; Children, Behavioral Development; College Enrollment; Earnings; Head Start; Intergenerational Patterns/Transmission; Preschool Children; Schooling; Socioeconomic Status (SES) Using the NLSY data set, this paper formulates and then empirically estimates the production processes for social, motivational and cognitive skills during early childhood development and the long-term effects of these skills on learning and life-time earnings of an individual. Using these estimated relationships, the paper provides a calibrated intergenerational altruistic model of parental investment in children's preschool. This dynamic model is then used to estimate the effects of publicly provided preschool to the children of poor socioeconomic status (SES) on college mobility and intergenerational social mobility and to estimate the tax burden of such a social contract.
	Bibliography Citation Raut, Lakshmi K. "Long Term Effects of Preschool Investment on School Performance and Labor Market Outcome." Presented: Denver, CO, Western Economic Association Annual Meeting, July 2003.

4.	Raut, Lakshmi K.
4.	Long-term Effects of Preschool on School Performance, Earnings and Social Mobility Studies in Microeconomics 6,1-2 (2018): 24-49. Also: https://journals.sagepub.com/doi/full/10.1177/2321022218802023 Cohort(s): NLSY79 Publisher: Sage Publications Keyword(s): Disadvantaged, Economically; Earnings; Family Constraints; Mobility, Social; Parental Investments; Preschool Children; School Performance; Sociability/Socialization/Social Interaction; Socioeconomic Background Permission to reprint the abstract has not been received from the publisher. Children from disadvantaged families perform very poorly in school and labour market because they acquire low level of social, motivational and cognitive skills during their early childhood development. Using the NLSY data set, this paper formulates and then estimates the production processes for cognitive skills and non-cognitive skills such as social and motivational skills during early childhood development and the long-term effects of these skills on learning and lifetime earnings of an individual. Using these estimated relationships, the paper provides a calibrated intergenerational altruistic model of parental investment in children's preschool. This dynamic model is then used to estimate the effects of publicly provided preschool to the children of poor socioeconomic status (SES) as a social contract on lifetime earnings distribution, intergenerational college and social mobility, and to estimate the tax burden of such a social contract.
	Bibliography Citation Raut, Lakshmi K. "Long-term Effects of Preschool on School Performance, Earnings and Social Mobility." Studies in Microeconomics 6,1-2 (2018): 24-49.

Admin