ERIC Number: ED156757
Record Type: RIE
Publication Date: 1978
Reference Count: N/A
An Economic Analysis of the Ypsilanti Perry Preschool Project. Monograph Number 5.
Weber, C. U.; And Others
The Ypsilanti Perry Preschool Project was a compensatory education project conducted during the 1960's. This paper provides a benefit cost analysis of the project. The internal rate of return to investment in the Perry Project was calculated using marginal analysis. Benefits and costs for the experimental group and the control group were compared. Three types of benefits were found: (1) a substantial portion of the total costs of the preschool project were recovered from savings which resulted because students who had preschool education required less costly forms of education as they progressed through school than comparable students who did not have preschool; (2) students who had preschool education had higher projected lifetime earnings than students who did not have preschool education; (3) the value of a parent's time released as a result of the child attending preschool was considered an economic benefit. These benefits resulted in a 9.5% internal rate of return (IRR) to investment for one year of preschool compensatory education. Females had a higher IRR than males. The IRR for two years of preschool compensatory education for all students was 3.7%. A series of hypothesized economic benefits which can be tested and which may increase the returns to the project are listed. (Author/AM)
Descriptors: Compensatory Education, Cost Effectiveness, Elementary Education, Longitudinal Studies, Preschool Education, Program Costs, Program Effectiveness, Statistical Analysis
High/Scope Foundation, Monograph Series, 600 North River Street, Ypsilanti, Michigan 48197 ($8.00)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: High/Scope Educational Research Foundation, Ypsilanti, MI.
Identifiers: Michigan (Ypsilanti)
Note: For related documents, see ED 016 740, ED 022 531, ED 046 503, ED 077 560, and UD 018 378-379