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The Costs and Benefits of Investing in Universal Preschool: Evidence From a Spanish Reform.
In: Child Development, Jg. 90 (2019-05-01), Heft 3, S. e386- (21S.)
Online
academicJournal
Zugriff:
This study provides a cost-benefit analysis of expanding access to universal preschool education, focusing on a Spanish reform that lowered the age of eligibility for publicly provided universal preschool from age 4 to age 3. Benefits in terms of child development and maternal employment are estimated using evidence on the causal effects of this reform. In the baseline estimation the benefit-cost ratio is over 4, indicating sizeable net societal benefits of the preschool investment. The results show that the child development effects are the major determinant of the cost-benefit ratio; the employment gains for parents appear to play a relatively minor role. Overall, the cost-benefit analysis provides support for investing in high-quality preschool education. [ABSTRACT FROM AUTHOR]
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The Costs and Benefits of Investing in Universal Preschool: Evidence From a Spanish Reform.
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Autor/in / Beteiligte Person: | Huizen, Thomas ; Dumhs, Lisa ; Plantenga, Janneke ; van Huizen, Thomas |
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Zeitschrift: | Child Development, Jg. 90 (2019-05-01), Heft 3, S. e386- (21S.) |
Veröffentlichung: | 2019 |
Medientyp: | academicJournal |
ISSN: | 0009-3920 (print) |
DOI: | 10.1111/cdev.12993 |
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