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. âABC/CARE represents a 13.7 percent per-year, return on investment (tax-adjusted),â the authors write. âOur benefit/cost analysis predicts the program generates a benefit of over $7 for every dollar spent.â Bails and Garcia conclude that it is essential for policy makers not to focus on the short-term academic gains of early childhood education. âThe more relevant measure of value is the long-term health, social and economic benefits produced,â they write. âWe 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.â You can read the full article here. You can read more about Heckman and Goldmanâs research project here.