This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...

This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...

We use an admissions lottery to estimate the effect of a non-means tested preschool program on students' long-run earnings, employment, family income, household formation, and geographic mobility. We observe long-run outcomes by linking both admitted and non-admitted individuals to confidential...