The Dynastic Benefits of Early-Childhood Education: Participant Benefits and Family Spillovers

Frederik H. Bennhoff, Jorge Luis Garcia () and Duncan Ermini Leaf

Journal of Human Capital, 2024, vol. 18, issue 1, 44 - 73

Abstract: 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 = .03). Spillover benefits increase this ratio to 7.5 (p-value = .00).

Date: 2024
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Related works:
Working Paper: The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers (2023)
Working Paper: The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers (2023)
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