The Economics of Human Development and Social Mobility
By fabi
Heckman and Mosso (2014) delve into the economics of human development and social mobility, presenting a comprehensive overview of how early life conditions influence skill development across a lifespan. They argue for the critical nature of early interventions in shaping life outcomes and highlight the limited effectiveness of income transfer policies in improving child outcomes. The study underscores the importance of targeted investments in early childhood care and education, noting that such investments yield significant long- term benefits in terms of improved social mobility and economic productivity.
James J. Heckman and Stefano Mosso (2014). “The Economics of Human Development and Social Mobility”. Annual Review of Economics, 6:689–733.
