The Life-cycle Benefits of an Influential Early Childhood Program
Jorge Luis Garcia (),
Duncan Ermini Leaf () and
María José Prados ()
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Duncan Ermini Leaf: University of Southern California
No 10456, IZA Discussion Papers from Institute of Labor Economics (IZA)
This paper estimates the long-term benefits from an influential early childhood program targeting disadvantaged families. The program was evaluated by random assignment and followed participants through their mid-30s. It has substantial beneficial impacts on health, children's future labor incomes, crime, education, and mothers' labor incomes, with greater monetized benefits for males. Lifetime returns are estimated by pooling multiple data sets using testable economic models. The overall rate of return is 13.7% per annum, and the benefit/cost ratio is 7.3. These estimates are robust to numerous sensitivity analyses.
Keywords: childcare; early childhood education; long-term predictions; gender differences in responses to programs; health; quality of life; randomized trials; substitution bias (search for similar items in EconPapers)
JEL-codes: J13 I28 C93 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-gen, nep-ltv and nep-ure
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Working Paper: The Life-cycle Benefits of an Influential Early Childhood Program (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp10456
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