THE EFFECT OF CHILDHOOD CONDUCT DISORDER ON HUMAN CAPITAL
利用澳大利亚双胞胎数据，估计童年行为障碍对后期人力资本积累及暴力犯罪行为的长期影响，发现早期行为障碍显著降低人力资本并增加犯罪。
This paper estimates the longer-term effects of childhood conduct disorder on human capital accumulation and violent and criminal behavior later in life using data of Australian twins. We measure conduct disorder with a rich set of indicators based on diagnostic criteria from psychiatry. Using ordinary least squares and twin fixed effects estimation approaches, we find that early-age (pre-18) conduct disorder problems significantly affect both human capital accumulation and violent and criminal behavior over the life course. In addition, we find that conduct disorder is more deleterious if these behaviors occur earlier in life.