Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161079
Authors: 
García, Jorge Luis
Heckman, James J.
Leaf, Duncan Ermini
Prados, Maria José
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10456
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.
Subjects: 
childcare
early childhood education
long-term predictions
gender differences in responses to programs
health
quality of life
randomized trials
substitution bias
JEL: 
J13
I28
C93
Document Type: 
Working Paper

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