CORDIS Project
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This research focuses on improving structural models of skill formation in economics to enhance policy recommendations. By addressing issues of model specification and developing new econometric tools, it aims to provide more reliable insights into investments in human capital.
Structural models are key tools of economists to evaluate and design policies.
These models specify economic environments, estimate mechanisms that determine outcomes, and can be used for counterfactual predictions.
One important class of models deals with skill and human capital formation, which is an important driver of economic growth and inequality.
These models study the determinants of skill formation and the timing of optimal investments in children.
Since structural models require simpli…
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