{"id":517,"date":"2016-11-28T23:01:44","date_gmt":"2016-11-28T23:01:44","guid":{"rendered":"https:\/\/cehddev.uchicago.edu\/?page_id=517"},"modified":"2023-11-22T11:51:23","modified_gmt":"2023-11-22T17:51:23","slug":"cba-project","status":"publish","type":"page","link":"https:\/\/cehd.uchicago.edu\/?page_id=517","title":{"rendered":"Cost\/Benefit Analysis Project"},"content":{"rendered":"<p>This project presents a cost\/benefit analysis of the Carolina Abecedarian Project and the Carolina Approach to Responsive Education (Abecedarian\/CARE). Abecedarian\/CARE targeted a group of disadvantaged families with children born between 1972 and 1979 in Chapel Hill, North Carolina. The intervention was randomized, with the treatment group receiving center-based childcare from birth though age 5. Rich data on the individuals are collected through age 35.<\/p>\n<p>We calculate the effect of Abecedarian\/CARE on life-cycle outcomes including health, employment, education, and crime. These treatment effects account for the fact that about 75% of the control group attended alternative center-based childcare (see Figure 1).<\/p>\n<p>In order to calculate the life-cycle benefit\/cost ratio and internal rate of return of the program, we need to understand the impact of Abecedarian\/CARE beyond age 35. To predict the later-life outcomes of the Abecedarian\/CARE subjects, we use auxiliary datasets that contain longitudinal information on individuals beyond age 35. We project income, welfare participation, crime, and health. Table 1 lists the auxiliary datasets we use for these projections.<\/p>\n<p>The main estimates for the net present value of the treatment effects on the different components are presented in Figure 3. These net present values give the benefit\/cost ratios and internal rates of return in Table 2. The pooled estimate of 6.29 implies that Abecedarian\/CARE is a cost-effective early childhood intervention.<\/p>\n<p>The Center for the Economics of Human Development launched the Cost\/Benefit Analysis of the Perry Preschool Program in 2018. Information on the project available <a href=\"https:\/\/cehd.uchicago.edu\/?page_id=1854\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This project presents a cost\/benefit analysis of the Carolina Abecedarian Project and the Carolina Approach to Responsive Education (Abecedarian\/CARE). Abecedarian\/CARE targeted a group of disadvantaged families with children born between 1972 and 1979 in Chapel Hill, North Carolina. The intervention was randomized, with the treatment group receiving center-based childcare from birth though age 5. Rich data on the individuals are collected through age 35. We calculate the effect of Abecedarian\/CARE on life-cycle outcomes including health, employment, education, and crime. These treatment effects account for the fact that about 75% of the control group attended alternative center-based childcare (see Figure 1). In order to calculate the life-cycle benefit\/cost ratio and internal rate of return of the program, we need to understand the impact of Abecedarian\/CARE beyond age 35. To predict the later-life outcomes of the Abecedarian\/CARE subjects, we use auxiliary datasets that contain longitudinal information on individuals beyond age 35. We project income, welfare participation, crime, and health. Table 1 lists the auxiliary datasets we use for these projections. The main estimates for the net present value of the treatment effects on the different components are presented in Figure 3. These net present values give the benefit\/cost ratios and internal rates of return in Table 2. The pooled estimate of 6.29 implies that Abecedarian\/CARE is a cost-effective early childhood intervention. The Center for the Economics of Human Development launched the Cost\/Benefit Analysis of the Perry Preschool Program in 2018. Information on the project available here. &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-517","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cost\/Benefit Analysis Project - Center for the Economics of Human Development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cehd.uchicago.edu\/?page_id=517\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost\/Benefit Analysis Project - Center for the Economics of Human Development\" \/>\n<meta property=\"og:description\" content=\"This project presents a cost\/benefit analysis of the Carolina Abecedarian Project and the Carolina Approach to Responsive Education (Abecedarian\/CARE). Abecedarian\/CARE targeted a group of disadvantaged families with children born between 1972 and 1979 in Chapel Hill, North Carolina. The intervention was randomized, with the treatment group receiving center-based childcare from birth though age 5. Rich data on the individuals are collected through age 35. We calculate the effect of Abecedarian\/CARE on life-cycle outcomes including health, employment, education, and crime. These treatment effects account for the fact that about 75% of the control group attended alternative center-based childcare (see Figure 1). In order to calculate the life-cycle benefit\/cost ratio and internal rate of return of the program, we need to understand the impact of Abecedarian\/CARE beyond age 35. To predict the later-life outcomes of the Abecedarian\/CARE subjects, we use auxiliary datasets that contain longitudinal information on individuals beyond age 35. We project income, welfare participation, crime, and health. Table 1 lists the auxiliary datasets we use for these projections. The main estimates for the net present value of the treatment effects on the different components are presented in Figure 3. These net present values give the benefit\/cost ratios and internal rates of return in Table 2. The pooled estimate of 6.29 implies that Abecedarian\/CARE is a cost-effective early childhood intervention. The Center for the Economics of Human Development launched the Cost\/Benefit Analysis of the Perry Preschool Program in 2018. Information on the project available here. &nbsp;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cehd.uchicago.edu\/?page_id=517\" \/>\n<meta property=\"og:site_name\" content=\"Center for the Economics of Human Development\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-22T17:51:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=517\",\"url\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=517\",\"name\":\"Cost\\\/Benefit Analysis Project - Center for the Economics of Human Development\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/#website\"},\"datePublished\":\"2016-11-28T23:01:44+00:00\",\"dateModified\":\"2023-11-22T17:51:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=517#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=517\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?page_id=517#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cehd.uchicago.edu\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cost\\\/Benefit Analysis Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cehd.uchicago.edu\\\/#website\",\"url\":\"https:\\\/\\\/cehd.uchicago.edu\\\/\",\"name\":\"Center for the Economics of Human Development\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cehd.uchicago.edu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cost\/Benefit Analysis Project - Center for the Economics of Human Development","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cehd.uchicago.edu\/?page_id=517","og_locale":"en_US","og_type":"article","og_title":"Cost\/Benefit Analysis Project - Center for the Economics of Human Development","og_description":"This project presents a cost\/benefit analysis of the Carolina Abecedarian Project and the Carolina Approach to Responsive Education (Abecedarian\/CARE). Abecedarian\/CARE targeted a group of disadvantaged families with children born between 1972 and 1979 in Chapel Hill, North Carolina. The intervention was randomized, with the treatment group receiving center-based childcare from birth though age 5. Rich data on the individuals are collected through age 35. We calculate the effect of Abecedarian\/CARE on life-cycle outcomes including health, employment, education, and crime. These treatment effects account for the fact that about 75% of the control group attended alternative center-based childcare (see Figure 1). In order to calculate the life-cycle benefit\/cost ratio and internal rate of return of the program, we need to understand the impact of Abecedarian\/CARE beyond age 35. To predict the later-life outcomes of the Abecedarian\/CARE subjects, we use auxiliary datasets that contain longitudinal information on individuals beyond age 35. We project income, welfare participation, crime, and health. Table 1 lists the auxiliary datasets we use for these projections. The main estimates for the net present value of the treatment effects on the different components are presented in Figure 3. These net present values give the benefit\/cost ratios and internal rates of return in Table 2. The pooled estimate of 6.29 implies that Abecedarian\/CARE is a cost-effective early childhood intervention. The Center for the Economics of Human Development launched the Cost\/Benefit Analysis of the Perry Preschool Program in 2018. 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