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New Evidence On The Heckman Curve

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  • David Rea
  • Tony Burton

Abstract

The Heckman Curve characterizes the rate of return to public investments in human capital as rapidly diminishing with age. For the disadvantaged, it describes investments early in the life course as having significantly higher rates of return compared to later in life. This paper assesses the Heckman Curve using estimates of program benefit cost ratios from the Washington State Institute for Public Policy. We find no support for the claim that social policy programs targeted early in the life course have the largest benefit cost ratios, or that on average the benefits of adult programs are less than the cost of the intervention.

Suggested Citation

  • David Rea & Tony Burton, 2020. "New Evidence On The Heckman Curve," Journal of Economic Surveys, Wiley Blackwell, vol. 34(2), pages 241-262, April.
    • Handle: RePEc:bla:jecsur:v:34:y:2020:i:2:p:241-262
    DOI: 10.1111/joes.12353
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    Cited by:

    1. John A. List & Ragan Petrie & Anya Samek, 2023. "How Experiments with Children Inform Economics," Journal of Economic Literature, American Economic Association, vol. 61(2), pages 504-564, June.
    2. Chen, Juan & Chen, Xi & Leung, Samuel S.M. & Tsang, Hector W.H., 2021. "Potential impacts, alleviating factors, and interventions for children of a parent with schizophrenia: A scoping review," Children and Youth Services Review, Elsevier, vol. 120(C).
    3. Michael Rosholm & Alexander Paul & Dorthe Bleses & Anders Højen & Philip S. Dale & Peter Jensen & Laura M. Justice & Michael Svarer & Simon Calmar Andersen, 2021. "Are Impacts Of Early Interventions In The Scandinavian Welfare State Consistent With A Heckman Curve? A Meta‐Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(1), pages 106-140, February.
    4. Raja Bentaouet Kattan & Kevin Macdonald & Harry Anthony Patrinos, 2021. "The Role of Education in Mitigating Automation’s Effect on Wage Inequality," LABOUR, CEIS, vol. 35(1), pages 79-104, March.
    5. Chris Desmond & Kathryn Watt & Sara Naicker & Jere Behrman & Linda Richter, 2024. "Girls' schooling is important but insufficient to promote equality for boys and girls in childhood and across the life course," Development Policy Review, Overseas Development Institute, vol. 42(1), January.

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