Jorge Luis García, James J. Heckman, Duncan Ermini Leaf, and María José Prados, “Quantifying the Life-Cycle Benefits of an Influential Early-Childhood Program,” Journal of Political Economy 0, no. 0 (-Not available-): 000. https://doi.org/10.1086/705718
“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. “
Read the full journal article at the Journal of Political Economy.