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Author: Savelyev, Peter A.
Resulting in 2 citations.
1. Heckman, James J.
Moon, Seong Hyeok
Pinto, Rodrigo
Savelyev, Peter A.
Yavitz, Adam
The Rate of Return to the Highscope Perry Preschool Program
IZA Policy Paper No. 17, Institute for the Study of Labor (IZA) , July 2010.
Also: http://ftp.iza.org/pp17.pdf
Cohort(s): NLSY79
Publisher: Institute for the Study of Labor (IZA)
Keyword(s): Childhood Education, Early; Children, Academic Development; Cognitive Development; Comparison Group (Reference group); Current Population Survey (CPS) / CPS-Fertility Supplement; Disadvantaged, Economically; Family Studies; Food Stamps (see Supplemental Nutrition Assistance Program); I.Q.; Life Cycle Research; Panel Study of Income Dynamics (PSID); Socioeconomic Status (SES)

Permission to reprint the abstract has not been received from the publisher.

This paper summarizes our recent work on the rate of return and cost-benefit ratio of an influential early childhood program.

The Perry Preschool Program was an early childhood education program conducted at the Perry Elementary School in Ypsilanti, Michigan, during the early 1960s. The evidence from it is widely cited to support the economic argument for investing in early childhood programs.

Only disadvantaged children living in adverse circumstances who had low IQ scores and a low index of family socioeconomic status were eligible to participate in the Perry program. Actual participation was determined by a toss of a coin. Beginning at age 3 and lasting 2 years, treatment consisted of a 2.5-hour preschool program on weekdays during the school year, supplemented by weekly home visits by teachers. The curriculum was based on supporting children's cognitive and socio-emotional development through active learning in which both teachers and children had major roles in shaping children's learning. Children were encouraged to plan, carry out, and reflect on their own activities through a plan-do-review process. Follow-up interviews were conducted when participants were approximately 15, 19, 27, and 40 years old. At these interviews, participants provided detailed information about their life-cycle trajectories including schooling, economic activity, marital life, child rearing, and incarceration. In addition, Perry researchers collected administrative data in the form of school records, police and court records, and records on welfare participation. Schweinhart, Montie, Xiang, Barnett, Bel eld, and Nores (2005) describe the program and the available data.

Bibliography Citation
Heckman, James J., Seong Hyeok Moon, Rodrigo Pinto, Peter A. Savelyev and Adam Yavitz. "The Rate of Return to the Highscope Perry Preschool Program." IZA Policy Paper No. 17, Institute for the Study of Labor (IZA) , July 2010.
2. Heckman, James J.
Moon, Seong Hyeok
Pinto, Rodrigo
Savelyev, Peter A.
Yavitz, Adam
The Rate of Return to the Highscope Perry Preschool Program
Journal of Public Economics 94,1-2 (February 2010): 114-128.
Also: http://www.sciencedirect.com/science/article/pii/S0047272709001418
Cohort(s): NLSY79
Publisher: Elsevier
Keyword(s): Aid for Families with Dependent Children (AFDC); Armed Forces Qualifications Test (AFQT); Comparison Group (Reference group); Earnings; Food Stamps (see Supplemental Nutrition Assistance Program); Head Start; Panel Study of Income Dynamics (PSID); Preschool Children; Record Linkage (also see Data Linkage); Welfare

This paper estimates the rate of return to the HighScope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from preschool education programs. Previous studies of the rate of return to this program ignore the compromises that occurred in the randomization protocol. They do not report standard errors. The rates of return estimated in this paper account for these factors. We conduct an extensive analysis of sensitivity to alternative plausible assumptions. Estimated annual social rates of return generally fall between 7 and 10%, with most estimates substantially lower than those previously reported in the literature. However, returns are generally statistically significantly different from zero for both males and females and are above the historical return on equity. Estimated benefit-to-cost ratios support this conclusion.
Bibliography Citation
Heckman, James J., Seong Hyeok Moon, Rodrigo Pinto, Peter A. Savelyev and Adam Yavitz. "The Rate of Return to the Highscope Perry Preschool Program ." Journal of Public Economics 94,1-2 (February 2010): 114-128.