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Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 14525
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
cost-benefit analysis
dynastic benefits
early childhood education
intergenerational program evaluation
life-cycle benefits
JEL: 
J13
I28
C93
H43
Dokumentart: 
Working Paper

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