The High/Scope Perry Preschool Program: Cost-Benefit Analysis Using Data from the Age-40 Follow-Up
Penn collection
Center for Benefit-Cost Studies of Education
Degree type
Discipline
Subject
Early Childhood
Benefit-Cost
Economics
Educational Assessment, Evaluation, and Research
Education Economics
Benefit-Cost
Economics
Educational Assessment, Evaluation, and Research
Education Economics
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Belfield, Clive R
Nores, Milagros
Barnett, Steve
Schweinhart, Lawrence
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Abstract
This paper presents an updated cost-benefit analysis of the High/Scope Perry preschool Program, using data on individuals aged 40. Children were randomly assigned to a treatment or control group. Program costs are compared against treatment impacts on educational resources, earnings, criminal activity, and welfare receipt. Net present values are calculated for participants, the general public, and society. The treatment group obtains significantly higher earnings. For the general public, higher tax revenues, lower criminal justice system expenditures, and lower welfare payments easily outweigh program costs; they repay $12.90 for every $1 invested. However, program gains come mainly from reduced crime by males.
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Publication date
2005-01-01