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ERIC Number: ED631644
Record Type: Non-Journal
Publication Date: 2023-Aug
Pages: N/A
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers. Working Paper 31555
García, Jorge Luis; Bennhoff, Frederik H.; Ermini Leaf, Duncan
National Bureau of Economic Research
We demonstrate the social efficiency of investing in high-quality early childhood education using newly collected data from the HighScope Perry Preschool Project. The data analyzed are the longest follow-up of any randomized early childhood education program. Annual observations of participant outcomes up to midlife allow us to provide a cost-benefit analysis without relying on forecasts. Adult outcomes on the participants' children and siblings allow us to quantify spillover benefits. The program generates a benefit-cost ratio of 6.0 (p-value = 0.03). Spillover benefits increase this ratio to 7.5 (p-value = 0.00).
National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Publication Type: Reports - Research
Education Level: Early Childhood Education; Preschool Education
Audience: N/A
Language: English
Sponsor: National Institute on Aging (NIA) (DHHS/NIH); National Institutes of Health (NIH) (DHHS); National Science Foundation (NSF), Division of Social and Economic Sciences (SES)
Authoring Institution: National Bureau of Economic Research (NBER)
Grant or Contract Numbers: P30AG024968; R01HD069609; R01AG040213; 1157698; 1623684; NIAU01AG009740