The Life-Cycle Benefits of an Influential Early Childhood Program

75 Pages Posted: 3 Jan 2017

See all articles by Jorge Luis García

Jorge Luis García

affiliation not provided to SSRN

James J. Heckman

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute)

Duncan Ermini Leaf

University of Southern California - Schaeffer Center for Health Policy and Economics

María Prados

University of Southern California

Multiple version iconThere are 3 versions of this paper

Date Written: December 2016

Abstract

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.

Suggested Citation

Garcia, Jorge Luis and Heckman, James J. and Ermini Leaf, Duncan and Prados, Maria, The Life-Cycle Benefits of an Influential Early Childhood Program (December 2016). NBER Working Paper No. w22993. Available at SSRN: https://ssrn.com/abstract=2892417

Jorge Luis Garcia (Contact Author)

affiliation not provided to SSRN

James J. Heckman

University of Chicago - Department of Economics ( email )

1126 East 59th Street
Chicago, IL 60637
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773-702-0634 (Phone)
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National Bureau of Economic Research (NBER)

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American Bar Foundation

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Institute for the Study of Labor (IZA)

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CESifo (Center for Economic Studies and Ifo Institute)

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Germany

Duncan Ermini Leaf

University of Southern California - Schaeffer Center for Health Policy and Economics ( email )

635 Downey Way
Los Angeles, CA 90089-3333
United States
213-821-6474 (Phone)

Maria Prados

University of Southern California ( email )

635 Downey Way
Los Angeles, CA 90089-3332
United States

HOME PAGE: http://www-bcf.usc.edu/~prados/index.html

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