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

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

No 31555, NBER Working Papers from National Bureau of Economic Research, Inc

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 = 0.03). Spillover benefits increase this ratio to 7.5 (p-value = 0.00).

JEL-codes: C93 H43 I28 J13 (search for similar items in EconPapers)
Date: 2023-08
New Economics Papers: this item is included in nep-ltv and nep-ure
Note: CH
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Journal Article: The Dynastic Benefits of Early-Childhood Education: Participant Benefits and Family Spillovers (2024)
Working Paper: The Dynastic Benefits of Early Childhood Education: Participant Benefits and Family Spillovers (2023)
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