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ERIC Number: ED542905
Record Type: Non-Journal
Publication Date: 2005-Jun
Pages: 16
Abstractor: ERIC
Reference Count: 16
ISBN: N/A
ISSN: N/A
An Economic Analysis of Pre-K in Louisiana. Pre-K Now Research Series
Belfield, Clive R.
Pre-K Now
Pre-kindergarten programs enhance the lives of children and have widespread benefits for society. By improving educational performance, expanding career opportunities, and raising wage-earning potential among participating children, high-quality pre-k reduces crime, increases tax revenues, decreases dependency on public assistance programs, and raises living standards for entire communities. In several recent studies, economists have analyzed the specific cost benefits of state investments in pre-k, comparing expenditures required to provide pre-k with later savings to other public programs and services. This report provides such an analysis for Louisiana, where pre-k investment has been on the rise over the past few years. Using economic models and new empirical evidence, it is possible to enumerate and quantify resulting returns and cost savings to the state. The key question addressed in this report is: What are the overall costs of expanding pre-k in Louisiana? And how much can the state expect to reap in future savings? This analysis begins by identifying the current opportunities for Louisiana's children to enroll in pre-k and establishing how much state funding is being invested. That assessment is followed by a proposal to significantly expand pre-k availability in Louisiana. The new policy is then evaluated to determine its possible economic outcomes. Estimates of what such a policy would cost and of the potential fiscal benefits are calculated. To ascertain likely returns, the analysis employs state-level and national data sources as well as evidence from highly regarded research studies. Finally, to establish whether greater pre-k investment, such as that proposed, would better serve the state over the long term, the costs and benefits of the expanded program are compared. (Contains 3 tables, 2 charts and 14 notes.) [Contributors include Sarah Cohen, Jennifer V. Doctors, Libby Doggett, DeDe Dunevant, Danielle Gonzales, Cecil Picard, Stephanie Rubin, and Charles Tate.]
Pre-K Now. Available from: Pew Charitable Trusts, State and Consumer Initiatives. 901 E Street NW 10th Floor, Washington, DC 20004. Tel: 202-540-2000; Fax: 202-552-2299; e-mail: pcs-feedback@pewtrusts.org; Web site: http://www.pewstates.org/projects/pre-k-now-328067
Publication Type: Reports - Evaluative
Education Level: Early Childhood Education; Preschool Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Pew Charitable Trusts, Pre-K Now
Identifiers - Location: Louisiana