CES function

Noncognitive Skills: Theory and empirics

Noncognitive skills have provoked substantial research interest in recent years. However, existing evidence for their importance relies heavily upon reduced-form regressions that do not account for the simultaneous production of cognitive and …

Re-Estimating the Technology of Cognitive and Noncognitive Skill Formation

Cognitive and noncognitive skills determine many life outcomes, and so there has been significant research interest into the technology by which they are produced. We advance the state-of-the-art in this field by building upon the definitive …

On the Benefits of Normalization in Production Functions

A growing literature demonstrates that production function normalization yields important benefits in both empirical and theoretical macroeconomics. Yet normalization has remained notably absent from the microeconomic literature. This paper …