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

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  • Frederik H. Bennhoff
  • Jorge Luis García
  • Duncan Ermini Leaf

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 = .03). Spillover benefits increase this ratio to 7.5 (p-value = .00).

Suggested Citation

  • Frederik H. Bennhoff & Jorge Luis García & Duncan Ermini Leaf, 2024. "The Dynastic Benefits of Early-Childhood Education: Participant Benefits and Family Spillovers," Journal of Human Capital, University of Chicago Press, vol. 18(1), pages 44-73.
  • Handle: RePEc:ucp:jhucap:doi:10.1086/728058
    DOI: 10.1086/728058
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