ECON 151 Lecture Notes - Lecture 28: Weighted Arithmetic Mean, Takers, Random Assignment

• School: Santa Clara University
• Department: Economics
• Course: ECON 151
• Professor: Bouguen

Document Summary

Credit constraint at iq and parental characteristics constant. Iq, non cognitive skills, taste, motivation are important factors; According to heckman, inequality are grounded on the first years of life: Iq seem to stabilize at 7 years old; Non cognitive skills around 14 years old; Quality of parenting and of early education is crucial (see early childcare education lecture) Tuition fees have soared in recent years (see next lecture) Grants and scholarships have not increased as fast as tuition fees (see next lecture) Itt = (wat * at + (wt wat) t + wnt* nt) (wat * at + (wt wat) c + wnt = (wt. Wat)( t c)= tu late late = itt/ tu att. Tu = wt wat is the differential take-up; Late = t c is the local average treatment effect. Late att late is an estimator for the att i. e. the parameter of interest. X are control variables unrelated to t;