ERIC Number: ED493326
Record Type: Non-Journal
Publication Date: 2006-Apr
The Effects of Investing in Early Education on Economic Growth. Policy Brief #153
Dickens, William T.; Sawhill, Isabel V.; Tebbs, Jeffrey
Many in Congress and the administration have called for new investments in education in order to make the United States more competitive, with President Bush stressing the importance of education in preparing young Americans to "fill the jobs of the 21st century." Yet advocates of early childhood education have only recently stressed the economic benefits of preschool programs, and it has been difficult to win support for these short-term investments given the long-term nature of the benefits to the economy. This policy brief analyzes the impact of a high-quality universal preschool policy on economic growth, concluding that such a policy could add $2 trillion to annual U.S. GDP by 2080. By 2080, a national program would cost the federal government approximately $59 billion, but generate enough additional growth in federal revenue to cover the costs of the program several times over. (Contains 1 table and 1 figure.) [This publication was funded by the National Institute for Early Education Research with a grant from The Pew Charitable Trusts--Advancing Quality Pre-Kindergarten for All.]
Descriptors: National Programs, Federal Government, Economic Progress, Preschool Education, Education Work Relationship, Early Childhood Education, Outcomes of Education, Educational Policy, Politics of Education, Competition
Brookings Institution Press. 1775 Massachusetts Avenue NW, Washington, DC 20036. Tel: 202-797-6000; Fax: 202-797-6004; e-mail: email@example.com; Web site: http://www.brookings.edu/index/publications.htm.
Publication Type: Reports - Evaluative
Education Level: Early Childhood Education; Preschool Education
Sponsor: Pew Charitable Trusts, Philadelphia, PA.
Authoring Institution: Brookings Institution, Washington, DC.