publication . Article . Other literature type . 2006

Cost–Benefit Analysis Using Data from the Age-40 Followup

Belfield, Clive R; Nores, Milagros; Barnett, Steve; Schweinhart, Lawrence;
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  • Published: 01 Jan 2006 Journal: Journal of Human Resources, volume XLI, pages 162-190 (issn: 0022-166X, eissn: 1548-8004, Copyright policy)
  • Publisher: University of Wisconsin Press
Abstract
This paper presents an updated cost-benefit analysis of the High/Scope Perry preschool Program, using data on individuals aged 40. Children were randomly assigned to a treatment or control group. Program costs are compared against treatment impacts on educational resources, earnings, criminal activity, and welfare receipt. Net present values are calculated for participants, the general public, and society. The treatment group obtains significantly higher earnings. For the general public, higher tax revenues, lower criminal justice system expenditures, and lower welfare payments easily outweigh program costs; they repay $12.90 for every $1 invested. However, prog...
Subjects
free text keywords: Tax revenue, Economics, Actuarial science, Criminal justice, Earnings, Treatment and control groups, Welfare, media_common.quotation_subject, media_common, Cost–benefit analysis, Payment, Receipt
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publication . Article . Other literature type . 2006

Cost–Benefit Analysis Using Data from the Age-40 Followup

Belfield, Clive R; Nores, Milagros; Barnett, Steve; Schweinhart, Lawrence;