Monograph Series, High/Scope Foundation, 600 North River Street, Ypsilanti, MI 48198-2898; phone: 800-40-PRESS; fax: 800-442-4FAX.
Reports - Research
This monograph presents a follow-up cost-benefit analysis of the High/Scope Perry Preschool program, conducted when the program participants were 27 years old. Chapter 1 introduces the study, outlining the basis for the cost-benefit analysis, and describing the methodology. Chapter 2 details estimated program costs, addresses the issue of how much a preschool program should cost today, and estimates the benefits from the child care provided by the program and from reductions in the overall education cost. Chapter 3 considers the economic implications of long-term program effects on participants' improved employment, and decreased criminal risk and need for welfare assistance. Chapter 4 summarizes the costs and benefits to assess the impact of the program on society, reports sensitivity analyses that examine the effects of variations in key assumptions and the omission of benefits from which an economic value could not be estimated. Findings indicate that in 1992 constant dollars discounted at 3 percent annually, the program cost $12,356 per participant to operate. Offsetting this investment was an average return of $88,433 per participant due to decreased schooling costs, increased taxes paid on higher earnings, reduced welfare costs, decreased justice system costs, and decreased crime victim costs. Chapter 5 examines the public policy implications of the findings, considers the potential of current preschool programs to yield similar effects, the need for further research, and the economic and social costs of ignoring the evidence for the effectiveness of preschool education. Contains approximately 120 references. (KDFB)
High Scope Demonstration Preschool Project; Perry Preschool Project; Sensitivity Analysis
2 - Available on microfiche
High/Scope Educational Research Foundation, Ypsilanti, MI.