Intergenerational Long Term Effects of Preschool-Structural Estimates from a Discrete Dynamic Programming Model 1

Using the NLSY79 and the NLSY79 Children and Young Adults datasets, this paper formulates, provides conditions for parametric and non-parametric identification and empirically estimates the parameters of an altruistic model of parental preschool investment within a structural dynamic programming framework. It then examines the effect of a publicly provided… (More)