Skill formation under incomplete information

Arbeitspapier

We consider an economic model of child development with multiple stages. Due to incomplete information, parents are not able to tailor their investments to their child's type when the child is young. We show that incomplete information weakens the importance of early investments in children when inter-stage investments are easily substitutable, but strengthens them when substitution is difficult. The latter case is empirically relevant.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Preprints of the Max Planck Institute for Research on Collective Goods ; No. 2010,26

Classification and Topics

• Classification: Wirtschaft ; Analysis of Education ; Fertility; Family Planning; Child Care; Children; Youth ; Information, Knowledge, and Uncertainty: General
• Subject: Skill Formation ; Education ; Incomplete Information ; Kinder ; Bildungsinvestition ; Unvollkommene Information ; Eltern ; Zeitökonomik ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Weinschenk, Philipp
• Event: Veröffentlichung
• (who): Max Planck Institute for Research on Collective Goods
• (where): Bonn
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/38860
• Last update: 10.03.2025, 11:42 AM CET