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• W2920009769 abstract "This paper quantifies and aggregates the multiple lifetime benefits of an influential high-quality early-childhood program with outcomes measured through midlife. Guided by economic theory, we supplement experimental data with nonexperimental data to forecast the life-cycle benefits and costs of the program. Our point estimate of the internal rate of return is 13.7%, with an associated benefit/cost ratio of 7.3. We account for model estimation and forecasting error and present estimates from extensive sensitivity analyses. This paper is a template for synthesizing experimental and nonexperimental data using economic theory to estimate the long-run life-cycle benefits of social programs." @default.
• W2920009769 created "2019-03-11" @default.
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• W2920009769 date "2020-07-01" @default.
• W2920009769 modified "2023-10-14" @default.
• W2920009769 title "Quantifying the Life-Cycle Benefits of an Influential Early-Childhood Program" @default.
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• W2920009769 doi "https://doi.org/10.1086/705718" @default.
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