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A Benefit-Cost Analysis Of Tulsa Pre-K, Based On Effects On High School Graduation And College Attendance, Timothy J. Bartik, William T. Gormley, Sara Amadon, Douglas Hummel-Price, James Fuller
A Benefit-Cost Analysis Of Tulsa Pre-K, Based On Effects On High School Graduation And College Attendance, Timothy J. Bartik, William T. Gormley, Sara Amadon, Douglas Hummel-Price, James Fuller
Upjohn Institute Policy Papers
This paper presents new benefit-cost estimates for the Tulsa universal pre–K program. These calculations are based on estimated effects, from two recent papers, of Tulsa pre–K on high school graduation rates and college attendance rates of students who were in kindergarten in the fall of 2006. In the current paper, educational effects from these prior papers are used to infer lifetime earnings effects. Our conservative estimates suggest that per pre–K participant, the present value of earnings effects in 2021 dollars is $25,533, compared with program costs of $9,628, for a benefit-cost ratio of 2.65. Compared to prior benefit-cost studies of …
Preschool And Prosperity, Timothy J. Bartik
Preschool And Prosperity, Timothy J. Bartik
Upjohn Institute Policy Papers
Substantial research shows that high-quality early childhood education programs have a large economic payoff. This payoff is increased earnings for former child participants, increased earnings for parents, and increased earnings for all workers when average worker skills improve. A program package of universal pre-K, combined with child care and parenting support for all low-income families, would cost $80 billion annually. But each dollar invested in this package would yield future economic benefits of over 10 times as great.