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来源类型Working Paper
规范类型报告
DOI10.3386/w15471
来源IDWorking Paper 15471
The Rate of Return to the High\/Scope Perry Preschool Program
James J. Heckman; Seong Hyeok Moon; Rodrigo Pinto; Peter A. Savelyev; Adam Yavitz
发表日期2009-11-05
出版年2009
语种英语
摘要This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from preschool education programs. Previous studies of the rate of return to this program ignore the compromises that occurred in the randomization protocol. They do not report standard errors. The rates of return estimated in this paper account for these factors. We conduct an extensive analysis of sensitivity to alternative plausible assumptions. Estimated social rates of return generally fall between 7-10 percent, with most estimates substantially lower than those previously reported in the literature. However, returns are generally statistically significantly different from zero for both males and females and are above the historical return on equity. Estimated benefit-to-cost ratios support this conclusion.
主题Microeconomics ; Welfare and Collective Choice ; Health, Education, and Welfare ; Education
URLhttps://www.nber.org/papers/w15471
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573147
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James J. Heckman,Seong Hyeok Moon,Rodrigo Pinto,et al. The Rate of Return to the High\/Scope Perry Preschool Program. 2009.
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