Advantages
In May 2007, Slate Magazine published an article discussing the results of a working paper by Nobel Prize winner James Heckman of the University of Chicago and Dimitriy Masterov of the University of Michigan about the social and economics benefits of nursery school for disadvantaged children, claiming that more investment in such children at an earlier age is needed to supplement the role of the family.
The reasons given include the importance of early years in cognitive development, the trouble many families have in providing adequate early-childhood nurturing, and the advantage such programs give students starting the next step in their education. The study considered a number of early childhood educational pilot programs for at risk children, similar to Head Start, but more intense, such as the Perry Project in Ypsilanti, Michigan.
Over 40 years of the children's lives, participants showed greater literacy, higher grades, greater likelihood to graduate high school, higher post-high school employment rates, higher earnings, less need for welfare, committed less crime, and had lower rates of teen pregnancy. The rate of returns to the children was estimated to be 16 percent (about 3/4 of this is calculated from the decreased social cost due to lower crime and less prison spending).
The authors also propose that the return on investment declines with age. This study is significant because it advocates spending as an economic investment in a society's future, rather than in the interest of justice.
Read more about this topic: Nursery School
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