The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers
Jorge Luis García () and
Duncan Ermini Leaf ()
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Jorge Luis García: Clemson University
Duncan Ermini Leaf: University of Southern California
No 16370, IZA Discussion Papers from Institute of Labor Economics (IZA)
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).
Keywords: cost-benefit analysis; early childhood education; intergenerational mobility; intergenerational program evaluation; life-cycle benefits; spillover effects (search for similar items in EconPapers)
JEL-codes: C93 H43 I28 J13 (search for similar items in EconPapers)
Pages: 38 pages
New Economics Papers: this item is included in nep-lab, nep-ltv and nep-ure
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Working Paper: The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers (2023)
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