The rate of return to the HighScope Perry Preschool Program

Heckman, James J.; Moon, Seong Hyeok; Pinto, Rodrigo; Savelyev, Peter A.; Yavitz, Adam

doi:10.1016/j.jpubeco.2009.11.001

Cited by 971 publications

(654 citation statements)

References 25 publications

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“…A common practice to add, say, 50 cents for every dollar spent on a public project to account for tax distortions, but completely ignoring the distributional benefits of tax instruments at the same time, is incorrect, see for example Heckman et al (2010). Such practice is bound to yield policy errors, because many public projects can now fail the social cost-benefit test, whereas they could be socially desirable.…”

Section: Social Cost-benefit Analysismentioning

confidence: 99%

“…As a result, public projects are less likely to pass a cost-benefit test. For example, Heckman et al (2010) evaluate the Perry Preschool Program and add 50 cents per dollar spent to account for the deadweight costs of taxation. Many other examples can be given, but the message is clear: The marginal cost of public funds has a tremendous impact on how governments should evaluate the desirability of public policies.…”

Section: Introductionmentioning

confidence: 99%

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The marginal cost of public funds is one at the optimal tax system

Jacobs

2018

Int Tax Public Finance

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This paper develops a Mirrlees framework with skill and preference heterogeneity to analyze optimal linear and nonlinear redistributive taxes, optimal provision of public goods, and the marginal cost of public funds (MCF). It is shown that the MCF equals one at the optimal tax system, for both lump-sum and distortionary taxes, for linear and nonlinear taxes, and for both income and consumption taxes. By allowing for redistributional concerns, the marginal excess burden of distortionary taxes is shown to be equal to the marginal distributional gain at the optimal tax system. Consequently, the modified Samuelson rule should not be corrected for the marginal cost of public funds. Outside the optimum, the marginal cost of public funds for distortionary taxes can be either smaller or larger than one. The findings of this paper have potentially important implications for applied tax policy and social cost-benefit analysis. Keywords

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Section: Social Cost-benefit Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The marginal cost of public funds is one at the optimal tax system

Jacobs

2018

Int Tax Public Finance

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“…A growing literature documents that developmental experiences during a child's first few years are critical to establishing the foundation for achievement throughout life [12]. This period is especially important for children receiving CCDF subsidies, since most of them come from disadvantaged families and face a gap in preparedness for school and educational achievement relative to their peers.…”

Section: World Of Labormentioning

confidence: 99%

Childcare subsidy policy: What it can and cannot accomplish

Tekin¹

2014

izawol

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte.

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“…In long-term panels, young children with better language, cognitive, motor, and socio-emotional development have better outcomes in adulthood (Case and Paxson 2008;Currie and Thomas 2001;Moffitt et al 2011). Plausibly exogenous improvements in maternal education (Carneiro et al 2013), early nutrition (Hoddinott et al 2008;Maluccio et al 2009), the quality of the home environment (Eckenrode et al 2010;Gertler et al 2014;Olds et al 1998), preschool attendance (Berlinski et al 2008;Campbell et al 2002Campbell et al , 2014Heckman et al 2010), and kindergarten classroom quality (Chetty et al 2011) have been shown to result in higher school achievement, better health status, lower levels of criminal behavior, and better labor market outcomes in developed and developing countries.…”

Section: Introductionmentioning

confidence: 99%

“…This is particularly apparent in small-scale pilots of model programs like the Perry Preschool Program in Ypsilanti, Michigan (Heckman et al 2010;Schweinhart et al 2005) and the Abecedarian Program in Chapel Hill, North Carolina (Campbell et al 2002(Campbell et al , 2014. There is also evidence of benefits from Head Start, the nationwide program which reaches almost one million lowincome children in the United States.…”

Section: Introductionmentioning

confidence: 99%

Child Care Quality and Child Development

Araujo¹,

Dormal²,

Schady³

2017

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work is licensed under a Creative Commons IGO 3.0 AttributionNonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose, as provided below. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.Following a peer review process, and with previous written consent by the Inter-American Development Bank (IDB), a revised version of this work may also be reproduced in any academic journal, including those indexed by the American Economic Association's EconLit, provided that the IDB is credited and that the author(s) receive no income from the publication. Therefore, the restriction to receive income from such publication shall only extend to the publication's author(s). With regard to such restriction, in case of any inconsistency between the Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives license and these statements, the latter shall prevail.Note that link provided above includes additional terms and conditions of the license. AbstractDevelopment in early childhood predicts schooling and labor market outcomes in adulthood. In this paper we use a fixed effects identification strategy to assess how differences in the quality of child care affect the communication, fine motor, and problem solving skills of infants and toddlers. We show that children have significantly better development outcomes in classrooms with more experienced caregivers, and classrooms with caregivers who demonstrate higher-quality interactions with children. There is substantial heterogeneity in the effects of caregiver quality on child development. Parents either cannot observe, or do not value, the quality of care.JEL codes: I00, I10, I20, I25, I30, I38, J13.

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The rate of return to the HighScope Perry Preschool Program

Cited by 971 publications

References 25 publications

The marginal cost of public funds is one at the optimal tax system

The marginal cost of public funds is one at the optimal tax system

Childcare subsidy policy: What it can and cannot accomplish

Child Care Quality and Child Development

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