In this two-page summary document, Professor Heckman argues that the best way to reduce deficits is to invest in quality early childhood development for disadvantaged children. It creates better education, health, social and economic outcomes that increase revenue and reduce the need for costly social spending. “The highest rate of return in early childhood development…
From the National Bureau of Economic Research working paper series, written by Professor Heckman and Professor Lakshmi Raut, published in May 2013.
View Professor Heckman’s slide presentation and private speaking notes from his address at the Education Writers Association National Seminar in Palo Alto, California, on May 3, 2013.
The basic skills needed for success are formed before children enter school. Investing early helps to prevent the achievement gap, and investing in our most disadvantaged children provides the greatest returns. Professor Heckman advocates for investments in prevention—not remediation.
Business leaders in Monterey, California, understand that early childhood investments are a critical solution for ensuring their state has a skilled workforce. Professor Heckman explains the importance of the early years—and that skills beget skills.
In today's global economy, the demand for high-skilled labor is high. But as demand has increased, the rate at which America has produced high-skilled labor has decreased. Investing in early childhood education ensures that America can meet the demand.
Ken McNeely, President of AT&T California, explains the importance of social and emotional skills—particularly in the early years of a child's life. Professor Heckman reinforces his message by showing that cognitive skills are important, but character skills are essential.
Ken McNeely, President of AT&T California, knows how to make smart investments—and he knows that the smartest investment his business can make is early in a child's life to maximize resources efficiently and effectively.
Ken McNeely, President of AT&T California, explains the importance of collaboration with the public sector to create change for our society and the next generation. His message is reinforced by Professor Heckman's research and recommendations.
A letter submitted to the Congressional Joint Select Committee on Deficit Reduction from Professor Heckman, outlining why investments in early childhood development increase productivity and reduce deficits.