CEHD Executive Director Alison Baulos and CEHD alumni Jorge Luis Garcia discuss the importance of high-quality early childhood education in a Policies for Action blog post. The authors highlight the research efforts, led by CEHD Director James Heckman and Schaeffer Center Director Dana Goldman, on the costs and benefits of The Carolina Abecedarian Project (ABC) and the Carolina Approach to Responsive Education (CARE), two essentially identical early childhood programs. “ABC/CARE represents a 13.7 percent per-year, return on investment (tax-adjusted),” the authors write. “Our benefit/cost analysis predicts the program generates a benefit of over $7 for every dollar spent.” Bails and Garcia conclude that it is essential for policy makers not to focus on the short-term academic gains of early childhood education. “The more relevant measure of value is the long-term health, social and economic benefits produced,” they write. “We have powerful evidence that high-quality early childhood education is a cost-effective strategy for supporting life-long health outcomes, promoting economic growth, and reducing social costs.” You can read the full article here. You can read more about Heckman and Goldman’s research project here.
The Center for the Economics of Human Development (CEHD) at the University of Chicago is actively seeking Post-Doctoral Scholars interested in the economics of creating and measuring skills. Scholars are expected to conduct empirical collaborative work on one (or more) focused projects. Descriptions for past and ongoing projects can be found on the Center’s website. Scholars can propose new independent research projects consistent with the Center’s broad aims.
CEHD Director James J. Heckman has been tapped to join Illinois Governor-elect J.B. Pritzker’s transition committee on education. The transition team was announced on November 27 at the Genevieve Melody STEM Elementary School in the West Garfield Park neighborhood of Chicago.
In their new working paper, “Publishing and Promotion in Economics: The Tyranny of the Top Five,” CEHD Director James J. Heckman and CEHD Predoctoral Fellow Sidharth Moktan examine the relationship between top five publications and tenure decisions.