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231225s2020 xx |||||o 00| ||eng c |
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|a 10.1086/705718
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|a eng
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|a Garca, Jorge Luis
|e verfasserin
|4 aut
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|a Quantifying the Life-Cycle Benefits of an Influential Early-Childhood Program
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|c 2020
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|a Date Revised 06.01.2024
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|a published: Print-Electronic
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|a Citation Status PubMed-not-MEDLINE
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|a 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
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|a Journal Article
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|a C93
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|a Early childhood education
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|a I28
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|a J13
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|a cost-benefit analysis
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|a life-cycle benefits
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|a long-term forecasts
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|a program evaluation
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|a rates of return
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|a Heckman, James J
|e verfasserin
|4 aut
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|a Leaf, Duncan Ermini
|e verfasserin
|4 aut
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|a Prados, María José
|e verfasserin
|4 aut
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|i Enthalten in
|t The journal of political economy
|d 1969
|g 128(2020), 7 vom: 15. Juli, Seite 2502-2541
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|x 0022-3808
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|g year:2020
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|g day:15
|g month:07
|g pages:2502-2541
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