Table 2.
Benefit | Valued at age | Benefit at age occurred | PV of benefit | Preschool effect on outcome | PV of preschool effect in dollars |
---|---|---|---|---|---|
Special education in years | 12 | $11,082 per year | $8,495 | 0.7 reduction in years of services | $5,946 |
Substantiated claims of child abuse and neglect | 10 | $56,663 per claim | $46,073 | 7.5 percentage point reduction | $3,456 |
Juvenile criminal justice system expenditures per petition | 14 | $26,956 per petition | $19,474 | 0.33 reduction in number of petitions | $6,427 |
Grade retention in years | 19 | $10,258 per year | $6,392 | 15.4 percentage point reduction | $984 |
Note. Estimates are in 2014 dollars. Present values are calculated at the child’s age 3 using a 3% discount rate. More information is provided in Appendix C in Reynolds et al. (2011b). By age 18, 14.4% of the program group received special education vs. 24.6 % of the comparison group.