Table 8.
Production of Human Capital, CES Production Function, Peru
| Cognition | Health | |||||||
|---|---|---|---|---|---|---|---|---|
|
| ||||||||
| Age | 5 | 8 | 12 | 15 | 5 | 8 | 12 | 15 |
| Cognition | 0.444 [0.35,0.58] |
0.644 [0.42,0.74] |
0.871 [0.49,0.96] |
−0.047 [−0.08,−0.01] |
−0.041 [−0.12,0.06] |
−0.038 [−0.09,0.03] |
||
| Health | 0.009 [−0.06,0.09] |
0.046 [−0.03,0.11] |
0.084 [0,0.16] |
0.04 [−0.01,0.18] |
0.682 [0.62,0.74] |
1.088 [1,1.11] |
0.988 [0.88,1.03] |
0.954 [0.86,1] |
| Parental Cognition | −0.025 [−0.11,0.24] |
0.183 [0.1,0.27] |
0.297 [0.12,0.37] |
0.097 [0.06,0.39] |
0.045 [−0.02,0.13] |
0.019 [−0.03,0.04] |
0.077 [−0.02,0.11] |
0.006 [−0.02,0.08] |
| Parental Health | −0.114 [−0.27,0.04 ] |
−0.066 [−0.17,0.01] |
−0.106 [−0.28,0] |
−0.018 [−0.15,0.03] |
0.18 [0.11,0.24] |
−0.046 [−0.07,0.01] |
0.006 [−0.09,0.08] |
0.053 [0.02,0.17] |
| Investment | 1.129 [0.79,1.25] |
0.394 [0.26,0.54] |
0.081 [−0.06,0.46] |
0.01 [−0.1,0.16] |
0.093 [−0.05,0.2] |
−0.014 [ −0.08,0.1] |
−0.03 [−0.11,0.19] |
0.025 [−0.1,0.09] |
| Complementarity (ρ) | −0.23 [−0.63,0.97] |
−0.019 [−0.14,0.17] |
0.117 [−0.15,0.44] |
−0.097 [−0.69,0.15] |
0.008 [−0.23,0.18] |
−0.027 [−0.31,0.24] |
0.134 [−0.23,0.4] |
−0.517 [−0.87,0.24] |
| Elasticity of Substitution | 0.813 [0.42,1.61] |
0.981 [0.88,1.21] |
1.133 [0.87,1.78] |
0.911 [0.59,1.17] |
1.008 [0.81,1.23] |
0.973 [0.76,1.32] |
1.155 [0.81,1.66] |
0.659 [0.54,1.31] |
| Log TFP (log(At)) | −0.045 [−0.11,0] |
−0.02 [−0.05,0.01] |
0.051 [−0.01,0.11] |
−0.068 [−0.11,−0.03] |
−0.022 [−0.05,0] |
0.017 [0.01,0.04] |
−0.037 [−0.07,0] |
−0.096 [−0.12,−0.06] |
| Investment Residual (υ) | −1.161 [−1.27,−0.8] |
−0.351 [−0.51,−0.2] |
−0.388 [−0.69,−0.08] |
0.11 [−0.16,0.32] |
−0.022 [−0.13,0.17] |
0.02 [−0.1,0.13] |
−0.017 [−0.25,0.13] |
−0.126 [−0.22,0.13] |
| Number of Children | 0.031 [−0.01,0.05] |
−0.016 [−0.04,0.01] |
−0.034 [−0.07,0] |
0.008 [−0.02,0.02] |
−0.011 [−0.02,0.01] |
−0.017 [−0.03,0] |
−0.013 [−0.03,0.01] |
0.018 [0,0.03] |
| Older Siblings | −0.014 [−0.03,0.02] |
0.017 [−0.01,0.04] |
−0.004 [−0.03,0.02] |
0.021 [0,0.05] |
0.002 [−0.02,0.01] |
0.013 [0,0.03] |
0.024 [0,0.04] |
−0.009 [−0.02,0.01] |
| Gender |
0 [−0.01,0.02] |
0.015 [0,0.03] |
0.005 [−0.01,0.03] |
0.011 [0,0.03] |
0.022 [0.01,0.03] |
−0.007 [−0.02,0] |
0.009 [−0.01,0.02] |
0.048 [0.03,0.06] |
Notes: 95% confidence intervals based on 100 bootstrap replications in square brackets.