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Hideo Akabayashi; Ryuichi Tanaka – Education Economics, 2024
We present new estimates of the internal rate of return to early childhood education. Utilizing the nationwide expansion of preschool education in Japan between 1960 and 1980, we initially assess the impact of preschool attendance on high school graduation and college enrollment for men. Subsequently, we compute the social rate of return to…
Descriptors: Outcomes of Education, Early Childhood Education, Foreign Countries, School Expansion