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Substantial Returns from Investment in Pre-school

Substantial Returns from Investment in Pre-school. As capacity for change in human skill development is highest early in life and decreases over time, the returns on public investment in high quality early childhood education are substantial (Heckman et. al 2006). Returns to the individual in terms of increased earnings, higher education, improved physical and mental well-being. Positive returns to society in terms of reduced crime and delinquency, public expenditure savings and increased tax revenues. As learning is a cumulative process in which early skills facilitate further skill acquisition, the benefits of early interventions are larger and are enjoyed for longer (Heckman, 2006). Early intervention programs are often more cost effective than later remediation (Carniero and Heckman, 2003).

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