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Investing in Kids: Early Childhood Programs and Local Economic Development

Author

Listed:
  • Timothy J. Bartik

    (W.E. Upjohn Institute)

Abstract

Early childhood programs, if designed correctly, pay big economic dividends down the road because they increase the skills of their participants. And since many of those participants will remain in the same state or local area as adults, the local economy benefits: more persons with better skills attract business, which provides more and better jobs for the local economy. Bartik measures ratios of local economic development benefits to costs for both early childhood education and business incentives. He shows that early childhood programs and the best-designed business incentives can provide local benefits that significantly exceed costs. Given this, states and municipalities would do well to adopt economic development strategies that balance high-quality business incentives with early childhood programs.

Suggested Citation

  • Timothy J. Bartik, 2011. "Investing in Kids: Early Childhood Programs and Local Economic Development," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number iik, December.
    • Handle: RePEc:upj:ubooks:iik
    Note: PDF is the book's first chapter.
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    Citations

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    Cited by:

    1. Timothy J. Bartik, 2020. "Smart Place‐Based Policies Can Improve Local Labor Markets," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(3), pages 844-851, June.
    2. Francesca Froy, 2013. "Global policy developments towards industrial policy and skills: skills for competitiveness and growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 344-360, SUMMER.
    3. Jade Marcus Jenkins & Sudhanshu Handa, 2019. "Parenting skills and early childhood development: production function estimates from longitudinal data," Review of Economics of the Household, Springer, vol. 17(1), pages 121-147, March.
    4. Greg J. Duncan & Aaron J. Sojourner, 2013. "Can Intensive Early Childhood Intervention Programs Eliminate Income-Based Cognitive and Achievement Gaps?," Journal of Human Resources, University of Wisconsin Press, vol. 48(4), pages 945-968.
    5. Nichola Lowe & Allan Freyer, 2015. "A moving target: rethinking industrial recruitment in an era of growing economic uncertainty," Environment and Planning C, , vol. 33(5), pages 1284-1300, October.
    6. Mildred E. Warner & Lingwen Zheng, 2013. "Business Incentive Adoption in the Recession," Economic Development Quarterly, , vol. 27(2), pages 90-101, May.
    7. Mark D. Partridge & M. Rose Olfert, 2011. "The Winners' Choice: Sustainable Economic Strategies for Successful 21st-Century Regions," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(2), pages 143-178.
    8. Liu, Hong & Zhao, Zhong, 2014. "Parental job loss and children's health: Ten years after the massive layoff of the SOEs' workers in China," China Economic Review, Elsevier, vol. 31(C), pages 303-319.
    9. Janet Hammer & Gary Pivo, 2017. "The Triple Bottom Line and Sustainable Economic Development Theory and Practice," Economic Development Quarterly, , vol. 31(1), pages 25-36, February.
    10. Timothy J. Bartik, 2014. "From Preschool to Prosperity: The Economic Payoff to Early Childhood Education," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number fptp, November.
    11. Jade Marcus Jenkins, 2014. "Early Childhood Development as Economic Development," Economic Development Quarterly, , vol. 28(2), pages 147-165, May.
    12. Timothy J. Bartik & JOnathan A. Belford & William T. Gormley & Sara Anderson, 2016. "A Benefit-Cost Analysis of the Tulsa Universal Pre-K Program," Upjohn Working Papers 16-261, W.E. Upjohn Institute for Employment Research.
    13. Xue Zhang & Mildred E. Warner & George C. Homsy, 2017. "Environment, Equity, and Economic Development Goals: Understanding Differences in Local Economic Development Strategies," Economic Development Quarterly, , vol. 31(3), pages 196-209, August.
    14. Michelle Miller-Adams & Bridget Timmeney, 2013. "The Impact of the Kalamazoo Promise on College Choice: An Analysis of Kalamazoo Area Math and Science Center Graduates," Upjohn Working Papers 2013-014, W.E. Upjohn Institute for Employment Research.

    More about this item

    Keywords

    EDUCATION and TRAINING; Early childhood; Preschool and early education; REGIONAL ISSUES; Business incentives;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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