the rate of return to the highscope perry preschool program返回到高宽佩里学前教育计划的速度.pdfVIP

Journal of Public Economics 94 (2010) 114 –128 Contents lists available at ScienceDirect Journal of Public Economics journal homepage: www.el /l oca te/jpube The rate of return to the HighScope Perry Preschool Program James J. Heckman ⁎,1, Seong Hyeok Moon 2, Rodrigo Pinto 2, Peter A. Savelyev 2, Adam Yavitz 3 Department of Economics, University of Chicago, 1126 East 59th Street, Chicago, Illinois 60637, United States a r t i c l e i n f o a b s t r a c t Article history: This paper estimates the rate of return to the HighScope Perry Preschool Program, an early intervention Received 18 April 2009 program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry Received in revised form 28 October 2009 program are widely cited to support the claim of substantial economic benefits from preschool education Accepted 2 November 2009 programs. Previous studies of the rate of return to this program ignore the compromises that occurred in the Available online 18 November 2009 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 JEL classifi cation: D62 assumptions. Estimated ann