Published May 13, 2019

What's Not On The Test

Nobel Prize-winning economist James Heckman delves into the transformative power of early childhood education, emphasizing the high return on investment and its impact on family dynamics. He highlights the often-overlooked importance of non-cognitive skills such as character and grit for long-term success, supported by insights from the influential Perry Preschool program.
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Episode Highlights

  • Economic Case

    The economic case for early childhood education programs is compelling, with returns on investment (ROI) reaching as high as 14%, according to . He compares this to other public investments like infrastructure projects, emphasizing that the benefits, such as reduced crime and increased civic participation, are harvested over a lifetime 1. Heckman argues that while some programs, like those in Tennessee, may not show immediate cognitive or social benefits, the quality of the program is crucial 2.

    Very few public investments have a rate of return above 14%.

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    He suggests that higher quality programs, though more costly, can yield significant long-term benefits for society.

       

    Family Dynamics

    Early childhood programs not only benefit children but also transform family dynamics. highlights how these programs engage parents, fostering a nurturing environment that extends beyond the program's duration 3. By involving parents in educational activities, these initiatives create a "nourishing cocoon" that supports children's development until adulthood.

    The parents provide a warmer environment, encouraging the child, staying with the child, and fostering that child.

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    Heckman also points out that replicating such nurturing environments is costly, yet feasible, even for disadvantaged families, if society is willing to invest 4.

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