Economic evaluation of early childhood education in a policy context

Lee, Stephanie J.; Drake, Elizabeth K.; Pennucci, Annie; Bjornstad, Gretchen; Edovald, Triin

doi:10.1108/17466661211213670

Cited by 19 publications

(14 citation statements)

References 13 publications

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“…First, it has been subjected to external review by an independent panel of experts. Second, invited publications have been subject to the peer review process of several scholarly journals (Drake 2012; Drake et al 2009; Lee et al 2012b). Third, estimates produced by the model are consistent with estimates produced independently by other researchers.…”

Section: Methodsmentioning

confidence: 99%

Benefit–cost analysis of a randomized evaluation of Communities That Care: monetizing intervention effects on the initiation of delinquency and substance use through grade 12

et al. 2015

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Objective To determine whether the Communities That Care (CTC) prevention system is a cost-beneficial intervention. Methods Data were from a longitudinal panel of 4,407 youth participating in a randomized controlled trial including 24 towns in 7 states, matched in pairs within state and randomly assigned to condition. Significant differences favoring intervention youth in sustained abstinence from delinquency, alcohol use, and tobacco use through Grade 12 were monetized and compared to economic investment in CTC. Results CTC was estimated to produce $4,477 in benefits per youth (discounted 2011 dollars). It cost $556 per youth to implement CTC for 5 years. The net present benefit was $3,920. The benefit-cost ratio was $8.22 per dollar invested. The internal rate of return was 21%. Risk that investment would exceed benefits was minimal. Investment was expected to be recouped within 9 years. Sensitivity analyses in which effects were halved yielded positive cost-beneficial results. Conclusions CTC is a cost-beneficial, community-based approach to preventing initiation of delinquency, alcohol use, and tobacco use. CTC is estimated to generate economic benefits that exceed implementation costs when disseminated with fidelity in communities.

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Section: Methodsmentioning

confidence: 99%

Benefit–cost analysis of a randomized evaluation of Communities That Care: monetizing intervention effects on the initiation of delinquency and substance use through grade 12

et al. 2015

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“…Their methods have been extensively peer reviewed, most recently in collaboration with the Pew-MacArthur Results First Initiative (Dube and White, 2017). Findings have also been published in a range of peer-reviewed journals (Drake, 2012;Lee et al, 2012;Kuklinski et al, 2015). While there remain many conceptual and measurement challenges for assessing cost effectiveness of social programs, the Washington State Institute for Public Policy appears to be at the forefront of the development of rigorous methods for investment analysis (Karoly, 2012).…”

Section: Data For This Studymentioning

confidence: 99%

New Evidence on the Heckman Curve

Rea

Burton

2019

Journal of Economic Surveys

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The Heckman Curve characterizes the rate of return to public investments in human capital as rapidly diminishing with age. For the disadvantaged, it describes investments early in the life course as having significantly higher rates of return compared to later in life. This paper assesses the Heckman Curve using estimates of program benefit cost ratios from the Washington State Institute for Public Policy. We find no support for the claim that social policy programs targeted early in the life course have the largest benefit cost ratios, or that on average the benefits of adult programs are less than the cost of the intervention.

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“…Our response is that while EBPs are rarely a cheap option (although many are less expensive than expected), their cost should be weighed against their potential financial benefits. These have been estimated for many programs using an economic model developed in the US and now being translated for the UK (Aos et al, 2011;Lee et al, 2012). For example, Functional Family Therapy has a cost-benefit ratio of 1:10 overall and yields significant benefits for the youth justice system in terms of lower crime costs (SRU, 2012).…”

Section: Organizational Critiquesmentioning

confidence: 99%

Evidence-based programs in children's services: A critical appraisal

Axford¹,

Morpeth²

2013

Children and Youth Services Review

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Evidence-based programs (EBPs) are increasingly being implemented in children's services agencies in developed countries. However, this trend is meeting resistance from some researchers, policy makers and practitioners. In this article we appraise the main critiques, focusing on scientific, ideological, cultural, organizational and professional arguments. We contend that some of the resistance stems from misconceptions or an oversimplification of issues, while others represent valid concerns that need to be addressed by proponents of EBPs. We set out implications for the development and evaluation of programs and how they are introduced into service systems, and conclude with broader recommendations for children's services.

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Economic evaluation of early childhood education in a policy context

Cited by 19 publications

References 13 publications

Benefit–cost analysis of a randomized evaluation of Communities That Care: monetizing intervention effects on the initiation of delinquency and substance use through grade 12

Benefit–cost analysis of a randomized evaluation of Communities That Care: monetizing intervention effects on the initiation of delinquency and substance use through grade 12

New Evidence on the Heckman Curve

Evidence-based programs in children's services: A critical appraisal

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