Figure 5.
Dynamic Treatment Effects:
Continuation Values and Total Treatment Effects by Node
Notes: High-ability individuals are those in the top 50% of the distributions of both cognitive and socio-emotional endowments. Low-ability individuals are those in the bottom 50% of the distributions of both cognitive and socio-emotional endowments. The error bars and significance levels for the estimated ATE are calculated using 200 bootstrap samples. Error bars show one standard deviation and correspond to the 15.87th and 84.13th percentiles of the bootstrapped estimates, allowing for asymmetry. Significance at the 5% and 1% level are shown by hollow and black circles on the plots, respectively. Statistical significance for continuation values at the 5% level are shown by “x.” Section 3 provides details on how the continuation values and treatment effects are defined.