ERIC Number: ED469407
Record Type: RIE
Publication Date: 2002
Reference Count: N/A
The National Economic Impacts of the Child Care Sector.
Noting that child care has increasingly become a formal part of the American economy, this report examines the contribution of the child care industry to the national economy. The report presents evidence, based on an examination of the existing literature, that the child care sector contributes to the national economy in three ways: (1) quality child care increases future adults' productivity and reduces the risks of antisocial or criminal behavior; (2) child care produces employment resulting in tax revenues; and (3) formal child care enables Americans to pursue other income-generating activity. The report further presents evidence demonstrating that the economic benefits of child care far exceed the costs. The report concludes by asserting that child care services are essential for many of the nation's workers and that the ongoing success of welfare reform is substantially dependent on families having access to care. Unless the formal child care sector adds sufficient, affordable capacity to meet the expected demand, parents will not be able to fully participate in the American economy and family incomes will decline. Appended is a description of the methodology used to estimate economic impact, productivity impact, and employment. (Contains 60 endnotes.) (KB)
Descriptors: Child Care, Economic Impact, Employed Parents, Employment, Family Needs, Family Work Relationship, Productivity, Trend Analysis
National Child Care Association, 1016 Rosser Street, Conyers, GA 30012. Tel: 770-922-8198; Fax: 770-388-7772. For full text: http://www.nccanet.org.
Publication Type: Reports - Descriptive
Education Level: N/A
Sponsor: National Child Care Association, Conyers, GA.
Authoring Institution: N/A
Note: Study prepared by M.Cubed.