Now showing 1 - 4 of 4
  • Publication
    The impact of parental income and education on child health : further evidence for England
    (University College Dublin. Geary Institute, 2007-02-01) ; ;
    This paper investigates the robustness of recent findings on the effect of parental education and income on child health. We are particularly concerned about spurious correlation arising from the potential endogeneity of parental income and education. Using an instrumental variables approach, our results suggest that the parental income and education effects are generally larger than are suggested by the correlations observed in the data. Moreover, we find strong support for the causal effect of income being large for the poor, but small at the average level of income.
      978
  • Publication
    Measuring Investment in Human Capital Formation: An Experimental Analysis of Early Life Outcomes
    (University College Dublin. School of Economics, 2013-08) ; ; ; ;
    The literature on skill formation and human capital development clearly demonstrates that early investment in children is an equitable and efficient policy with large returns in adulthood. Yet little is known about the mechanisms involved in producing these long-term effects. This paper presents early evidence on the nature of skill formation based on an experimentally designed, five-year home visiting program in Ireland targeting disadvantaged families - Preparing for Life (PFL). We examine the impact of investment between utero to 18 months of age on a range of parental and child outcomes. Using the methodology of Heckman et al. (2010a), permutation testing methods and a stepdown procedure are applied to account for the small sample size and the increased likelihood of false discoveries when examining multiple outcomes. The results show that the program impact is concentrated on parental behaviors and the home environment, with little impact on child development at this early stage. This indicates that home visiting programs can be effective at offsetting deficits in parenting skills within a relatively short timeframe, yet continued investment may be required to observe direct effects on child development. While correcting for attrition bias leads to some changes in the precision of estimates, overall the results are quite similar.
      558
  • Publication
    Early childhood intervention : rationale, timing, and efficacy
    (University College Dublin, Geary Institute, 2007-01) ; ; ;
    This paper provides a brief review of the economic rationale for investing in early childhood. It discusses the optimal timing of intervention, with reference to recent work in developmental neuroscience, and asks how early is early? It motivates the need for early intervention by providing an overview of the impact of adverse factors during the antenatal and early childhood period on outcomes later in life. Early childhood interventions, even poorly designed ones, are costly to implement, therefore it is vital that interventions are well-designed if they are to yield high economic and social returns. The paper therefore presents a set of guiding principles for the effectiveness of early intervention. It concludes by presenting a case for a new study of the optimal timing of interventions.
      1229
  • Publication
    The impact of parental income and education on the health of their children
    (Institute for the Study of Labor, 2005-11) ; ;
    This paper investigates the robustness of recent findings on the effect of parental background on child health. We are particularly concerned with the extent to which their finding that income effects on child health are the result of spurious correlation rather than some causal mechanism. A similar argument can be made for the effect of education - if parental education and child health are correlated with some common unobservable (say, low parental time preference) then least squares estimates of the effect of parental education will be biased upwards. Moreover, it is very common for parental income data to be grouped, in which case income is measured with error and the coefficient on income will be biased towards zero and there are good reasons why the extent of bias may vary with child age. Fixed effect estimation is undermined by measurement error and here we adopt the traditional solution to both spurious correlation and measurement error and use an instrumental variables approach. Our results suggest that the income effects observed in the data are spurious.
      311