TY  - RPRT
        AU  - García, Jorge Luis
AU  - Heckman, James J.
AU  - Leaf, Duncan Ermini
AU  - Prados, Maria José
        TI  - The Life-cycle Benefits of an Influential Early Childhood Program
        PY  - 2016/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10456
        UR  - https://www.iza.org/publications/dp10456
        AB  - This paper estimates the long-term benefits from an influential early childhood program targeting disadvantaged families. The program was evaluated by random assignment and followed participants through their mid-30s. It has substantial beneficial impacts on health, children's future labor incomes, crime, education, and mothers' labor incomes, with greater monetized benefits for males. Lifetime returns are estimated by pooling multiple data sets using testable economic models. The overall rate of return is 13.7% per annum, and the benefit/cost ratio is 7.3. These estimates are robust to numerous sensitivity analyses.
        KW  - childcare
KW  - early childhood education
KW  - long-term predictions
KW  - gender differences in responses to programs
KW  - health
KW  - quality of life
KW  - randomized trials
KW  - substitution bias
        ER  -