NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Quantifying the Life-cycle Benefits of a Prototypical Early Childhood Program

Jorge Luis García, James J. Heckman, Duncan Ermini Leaf, María José Prados

NBER Working Paper No. 23479
Issued in June 2017, Revised in August 2018
NBER Program(s):Children, Economics of Education

This paper quantifies and aggregates the multiple lifetime benefits of an influential high-quality early childhood program with outcomes measured through midlife. Guided by economic theory, we supplement experimental data with non-experimental data to forecast the life-cycle benefits and costs of the program. Our point estimate of the internal rate of return is 13.7% with an associated benefit/cost ratio of 7.3. We account for model estimation and forecasting error and present estimates from extensive sensitivity analyses. This paper is a template for synthesizing experimental and non-experimental data using economic theory to estimate the long-run life-cycle benefits of social programs.

download in pdf format
   (564 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w23479

Users who downloaded this paper also downloaded* these:
Heckman and Pinto w23497 Unordered Monotonicity
Barreca, Neidell, and Sanders w23524 Long-Run Pollution Exposure and Adult Mortality: Evidence from the Acid Rain Program
García, Heckman, and Ziff w23412 Gender Differences in the Benefits of an Influential Early Childhood Program
Elango, García, Heckman, and Hojman w21766 Early Childhood Education
Baker, Currie, and Schwandt w23514 Mortality Inequality in Canada and the U.S.: Divergent or Convergent Trends?
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us