The Economic Case for Early Childhood Education and Preschool
W.E. Upjohn Institute for Employment Research
Dr. Bartik’s expertise is in state and local economic development policies, local labor market policies, and labor demand policies, analyzed from a local, regional, state, and national perspective. He also conducts research analyzing preschool as an economic development program. (link)
* I think this argument probably needs an argument for a long term view. As well as an opportunity cost type calculation.
** The heart seems to begin (around 3:30.)
1) 3 to 1 economic return–strictly. Higher returns if take a more holistic view–including crime rates, etc…
2) Increases EVERYONES skills (which obviously increases productivity) (5:40)
3) Silicon Valley and Boston (growing not because of low cost, but high skills)
4) What determines wages? Spillover effects even bigger than direct effects. over 700,000 in lifetime earnings–to almost a million dollars. (7:40)
5) Answering objections.
Don’t know why he doesn’t cite the higher numbers–or if he’s taking a more reasoned approach to his numbers in terms of tradeoffs.