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The Dynastic Benefits of Early Childhood Education

Author

Listed:
  • Jorge Luis Garcia

    (Clemson University)

  • Frederik Bennhoff

    (The University of Chicago)

  • Duncan Ermini Leaf

    (University of Southern California)

  • James J. Heckman

    (The University of Chicago)

Abstract

This paper monetizes the life-cycle intragenerational and intergenerational benefits of the Perry Preschool Project, a pioneering high-quality early childhood education program implemented before Head Start that targeted disadvantaged African-Americans and was evaluated by a randomized trial. It has the longest follow-up of any experimentally evaluated early childhood education program. We follow participants into late midlife as well as their children into adulthood. Impacts on the original participants and their children generate substantial benefits. Access to life-cycle data enables us to evaluate the accuracy of widely used schemes to forecast life-cycle benefits from early-life test scores, which we find wanting.

Suggested Citation

  • Jorge Luis Garcia & Frederik Bennhoff & Duncan Ermini Leaf & James J. Heckman, 2021. "The Dynastic Benefits of Early Childhood Education," Working Papers 2021-033, Human Capital and Economic Opportunity Working Group.
  • Handle: RePEc:hka:wpaper:2021-033
    Note: ECI
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    File URL: http://humcap.uchicago.edu/RePEc/hka/wpaper/Garcia_Bennhoff_Leaf_etal_2021_dynastic-benefits-early-childhood-education.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Jorge Luis Garcia & James J. Heckman & Victor Ronda, 2021. "The Lasting Effects of Early Childhood Education on Promoting the Skills and Social Mobility of Disadvantaged African Americans," Working Papers 2021-037, Human Capital and Economic Opportunity Working Group.

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    More about this item

    Keywords

    cost-benefit analysis; dynastic benefits; early childhood education; intergenerational program evaluation; life-cycle benefits;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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