Professor James Heckman and colleagues have just released The Lifecycle Benefits of an Influential Early Childhood Program, the results of a new analysis demonstrating that high-quality birth-to-five programs for disadvantaged children can deliver a 13% per year return on investment—a rate substantially higher than the 7-10% return previously established for preschool programs serving 3 and 4-year-olds.
Heckman’s team used data from FPG’s Abecedarian Project and FPG’s Carolina Approach to Responsive Education, and this new analysis includes the value of health outcomes, as well as the economic benefits of providing child care to mothers.
In a two-page research snapshot, Heckman and colleagues recommend “more and better” programs for young children in poverty.”Child poverty is growing in the United States,” they write. “Investing in comprehensive birth-to-five early childhood education is a powerful and cost-effective way to mitigate its negative consequences on child development and adult opportunity.”The authors also suggest that policymakers coordinate early childhood resources “into a scaffolding of developmental support for disadvantaged children” and that such support “provide access to all in need.”According to the researchers, “the gains are significant because quality programs pay for themselves many times over. The cost of inaction is a tragic loss of human and economic potential that we cannot afford.”
Source: FPG Child Development Institute
Available at: http://fpg.unc.edu/node/8730