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Cover Art
Author Karoly, Lynn A., 1961-

Title The economics of investing in universal preschool education in California / Lynn A. Karoly, James H. Bigelow.

Published Santa Monica, CA : RAND Corp., 2005.


Location Call No. Status
Physical description 1 online resource (xliii, 192 pages) : illustrations
Series Books at JSTOR Open Access
Notes "Prepared for the David and Lucile Packard Foundation."
"Rand Labor and Population."
"MG-349-PF"--Page 4 of cover.
Accompanied by: Executive summary. xxxi p. : ill. ; 23 cm.
Bibliography Includes bibliographical references (pages 177-192).
Contents Ch. 1. Introduction -- ch. 2. The benefits of preschool education -- ch. 3. A benefit-cost analysis of universal preschool education in California -- ch. 4. Indirect economic and noneconomic benefits of universal preschool education -- ch. 5. Conclusions -- Appendix A. Methodology and sources for benefit-cost analysis -- Appendix B. Benefit-cost estimates for a targeted preschool program.
Cover; Preface; Figures; Tables; Summary; The Status of Preschool Education in the United States; The Benefits of Preschool Education; Benefit-Cost Analysis; Indirect Benefits; Conclusions; Acknowledgments; Abbreviations; Chapter One -- Introduction; The Status of Preschool Education in the United States; A Universal Preschool Education Program in California; Chapter Two -- The Benefits of Preschool Education; Methods for Program Evaluation; Effectiveness of Preschool Education for Desadvantaged Children; Effectiveness of Preschool Education for More-Advantaged Chldren.
Potential Impacts of a Universal Preschool Program in CaliforniaChapter Three -- A Benefit-Cost Analysis of Universal Preschool Education in California; Overview of A Benefit-Cost Analysis for Preschool Education; Valuing the benefits of a Universal Preschool Program in California; Costs of a Universal Preschool Program in California; Benefit-Cost analysis Results Under Alternative Assumptions; Chapter Four -- Indirect Economic and Noneconomic Benefits of Universal Preschool Education; Labor Force Benefits; Macroeconomic benefits of Education Investments.
Consequences for Economic and Social EqualityChapter Five -- Conclusions; Preschool as Economic Development; Key Choices for States Funding Preschool Programs; Extending the Investment in Public Education; Appendix A -- Methodology and Sources for Benefit-Cost Analysis; Appendix B -- Benefit-Cost Estimates for a Targeted Preschool Program; References.
Summary There is increased interest in California and other states in providing universal access to publicly funded high-quality preschool education for one or two years prior to kindergarten entry. In considering such a program, policymakers and the public focus on the potential benefits from a universal preschool program, as well as the estimated costs. This study aims to inform such deliberations by conducting an analysis of the economic returns from investing in preschool education in the state of California. The benefit-cost analysis undertaken in this study indicates that there can be positive returns for California society from investing in a one-year high-quality universal preschool program. The authors' baseline estimate, which is arguably conservative, is that every dollar invested by the public sector beyond current spending will generate $2.62 in returns. And this estimate does not account for an array of other benefits not captured in their analysis because of data limitations. Those other potential benefits include lower intangible losses from crime and child abuse and neglect averted, reduced reliance on public welfare programs, improved labor market outcomes for parents of preschoolers, improved health and well-being of preschool participants, and the intergenerational transmission of favorable benefits. Broader economic and noneconomic benefits may accrue in other areas as well, including labor force recruitment and participation rates, workforce performance, economic growth, international competitiveness, and the distribution of economic and social well-being.
Other author Bigelow, J. H.
Labor and Population Program.
JSTOR issuing body.
Subject Education, Preschool -- Economic aspects -- California.
Early childhood education -- California -- Cost effectiveness.
Electronic books.
Electronic books.
ISBN 083303779X (pbk. ; alk. paper)
9780833037794 (pbk. ; alk. paper)