Figure 2
Optimal Early (Left) and Late (Right) Investments by
Child Initial Conditions of Cognitive and Noncognitive Skills
Maximizing Aggregate Education
(Other Endowments Held At Mean Levels)
1.3
1.25
1.2
1.15
1.1
1.05
-1
1.04
1.02
1
0.98
0.96
0.94
0.92
0.9
-1
Child Initial
Cognitive Skill
-1
χxChild Initial
Noncognitive Skill
Child Initial
Cognitive Skill 0
Child Initial
Noncognitive Skill
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