Ground-breaking research shows high economic returns from school-based early childhood education program
Research by Arthur Reynolds, professor in the Institute of Child Development, indicates that for every $1 invested in a Chicago early childhood education program, nearly $11 is projected to return to society over the children's lifetimes -- equivalent to an 18 percent annual return on program investment.
For the analysis, Reynolds and other researchers evaluated the effectiveness of the Chicago Public Schools' federally funded Child Parent Centers established in 1967. Their work represents the first long-term economic analysis of an existing, large-scale early education program. Researchers surveyed study participants and their parents, and analyzed education, employment, public aid, criminal justice, substance use and child welfare records for the participants through to age 26.