Modeling shows long-term yield from early childhood investment
Various studies have examined the benefit-cost ratios of publicly funded early childhood development programs, and several have found their net benefits to be both positive and large. But what are their longer-term economic impacts – in terms of improving job growth and fiscal health – on federal and state governments?
In two separate reports for the Partnership for America’s Economic Success, William Dickens and Charles Baschnagel of the University of Maryland, and Timothy Bartik of the Upjohn Institute use simulation models of U.S. state and national economies to estimate the long-run effects of these .
The authors find that implementing proven programs for children would increase job growth and earnings, as well as boost future gross domestic product (GDP) and government revenues.