The Life-cycle Benefits of an Influential Early Childhood Program
Jorge Luis Garcia (),
Duncan Ermini Leaf and
María José Prados ()
No 22993, NBER Working Papers from National Bureau of Economic Research, Inc
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.
JEL-codes: C93 I28 J13 (search for similar items in EconPapers)
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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:nbr:nberwo:22993
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