{"id":624,"date":"2013-08-21T19:36:33","date_gmt":"2013-08-21T19:36:33","guid":{"rendered":"http:\/\/content.scienceofecd.com\/secd-intro\/?page_id=624"},"modified":"2025-07-08T18:15:35","modified_gmt":"2025-07-08T18:15:35","slug":"dh-2-3-the-economic-impact","status":"publish","type":"page","link":"https:\/\/content.scienceofecd.com\/secd-intro\/dh-2-3-the-economic-impact\/","title":{"rendered":"DH 2.3 The economic impact"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Investing in young children through ECD programs is one of the smartest investments a country can make to address inequality, break the cycle of poverty, and improve outcomes later in life&#8221; (World Bank Group, n.d.).<\/p>\n<\/blockquote>\n\n\n\n<p>The <em>Early Years Study 4<\/em> (McCain, 2020) provides compelling data showing the important role early childhood education can have in children&#8217;s lives. &nbsp;Chapter 3 &#8211; &#8220;A step up for all: ECE helps kids, families and communities thrive&#8221; &#8211; makes a strong case.<\/p>\n\n\n<div class=\"lazyblock-read-1WGVo6 wp-block-lazyblock-read\"><div class=\"read context-container\">\n   <a target=\"_blank\" href=\"https:\/\/earlyyearsstudy.ca\/report_chapters\/chapter-3-highlights\/\" class=\"tap-container\">\n      <div class=\"tap-icon\"><\/div>\n      <div class=\"tap-content\">\n         <span class=\"tap-label\">READ<\/span><span class=\"tap-description\">Early Years Study 4: Chapter 3 Highlights<\/span><\/span>      \n      <\/div>\n   <\/a>\n<\/div><\/div>\n\n<div class=\"lazyblock-reflect-1d3PKL wp-block-lazyblock-reflect\"><div class=\"reflect\">\n\n\n<p>Were any of the statistics new or surprising?<\/p>\n\n\n\n<p>What role can early childhood education and care play to address inequality?<\/p>\n\n<\/div><\/div>\n\n\n<p>Economic evidence makes a powerful argument for investing in early childhood.\u00a0In the next video, Craig Alexander,\u00a0former vice-president of economic analysis for the C.D. Howe Institute, discusses some of the research that points to\u00a0early childhood education as\u00a0an important investment for children, parents, the economy and society.<\/p>\n\n\n<div class=\"lazyblock-watch-expand-transcript-Z18ULhd wp-block-lazyblock-watch-expand-transcript\"><div class=\"watch-expand expand-container context-container\">\n   <div class=\"watch tap-to-expand tap-container\">\n      <div class=\"tap-icon\"><\/div>\n      <div class=\"tap-content\">\n         <span class=\"tap-label\">VIEW<\/span>\n         <span class=\"tap-description\">Alexander &#8211; economic benefits (2:41)<\/span>\n        \n      <\/div>\n   <\/div>\n   <div class=\"output-content collapse\" style=\"height: 0px;\">\n      <div class=\"vimeo-container\">\n         <iframe webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\" src=\"\/\/player.vimeo.com\/video\/142903514?api=1\" frameborder=\"0\"><\/iframe>\n      <\/div><br>\n      <p><a href=\"https:\/\/content.scienceofecd.com\/transcript\/transcript-alexander-economic-benefits\/\" target=\"_blank\">Alexander &#8211; economic benefits &#8211; Text Transcript<\/a><\/p>\n   <\/div>\n<\/div><\/div>\n\n<div class=\"lazyblock-reflect-Z28c7q5 wp-block-lazyblock-reflect\"><div class=\"reflect\">\n\n\n<p>Can you see how early childhood education programs economically benefit families where you live?<\/p>\n\n<\/div><\/div>\n\n\n<p>Dr. James Heckman, a Nobel prize-winner in economics, and his colleague Dr. Flavio Cunha show us that investments in early childhood programs make good sense based on the returns provided to society as a whole. Each stage of life underpins the next. As the slide to the right shows, investment in the foundation stage of early childhood provides a higher rate of return than investments later in life.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/heckmanequation.org\/resource\/the-heckman-curve\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/content.scienceofecd.com\/secd-intro\/files\/2022\/07\/image.png\" alt=\"\" class=\"wp-image-7905\" srcset=\"https:\/\/content.scienceofecd.com\/secd-intro\/files\/2022\/07\/image.png 300w, https:\/\/content.scienceofecd.com\/secd-intro\/files\/2022\/07\/image-150x150.png 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption class=\"wp-element-caption\">Click on this image to visit The Heckman Equation website in order to download this graphic and see other resources.<\/figcaption><\/figure>\n<\/div>\n\n\n\n\n<p><\/p>\n\n\n<div class=\"lazyblock-key-full-F5Uv2 wp-block-lazyblock-key-full\"><div class=\"key-full\">\n\n\n<p>In <em>The economics of inequality: The value of early childhood education<\/em> (2011), Heckman describes four conclusions from analyses of long-term studies on human development:<\/p>\n\n\n\n<p>1. Inequality in early life leads to inequality later in life for achievement, health and success.<\/p>\n\n\n\n<p>2. Social skills are as important as cognitive skills for impacting lifelong success and therefore should not be neglected.<\/p>\n\n\n\n<p>3. Investing in early childhood education has the potential to help people overcome disadvantages.<\/p>\n\n\n\n<p>4. The long-term economic savings are great for investments in early education. This is especially true when investments are made for disadvantaged children.<\/p>\n\n<\/div><\/div>\n\n\n<p>Dr. Mildred Warner, a\u00a0professor in the Department of City and Regional Planning at Cornell University,\u00a0studies the economics of child care. Here she discusses how investing in early child development benefits children, families and the business community.<\/p>\n\n\n<div class=\"lazyblock-watch-expand-transcript-1PBmtq wp-block-lazyblock-watch-expand-transcript\"><div class=\"watch-expand expand-container context-container\">\n   <div class=\"watch tap-to-expand tap-container\">\n      <div class=\"tap-icon\"><\/div>\n      <div class=\"tap-content\">\n         <span class=\"tap-label\">VIEW<\/span>\n         <span class=\"tap-description\">Warner &#8211; economic benefits (2:51)<\/span>\n        \n      <\/div>\n   <\/div>\n   <div class=\"output-content collapse\" style=\"height: 0px;\">\n      <div class=\"vimeo-container\">\n         <iframe webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\" src=\"\/\/player.vimeo.com\/video\/90189115?api=1\" frameborder=\"0\"><\/iframe>\n      <\/div><br>\n      <p><a href=\"https:\/\/content.scienceofecd.com\/transcript\/transcript-warner-economic-benefits\/\" target=\"_blank\">Warner &#8211; economic benefits &#8211; Text Transcript<\/a><\/p>\n   <\/div>\n<\/div><\/div>\n\n<div class=\"lazyblock-watch-expand-transcript-Z1KOlKD wp-block-lazyblock-watch-expand-transcript\"><div class=\"watch-expand expand-container context-container\">\n   <div class=\"watch tap-to-expand tap-container\">\n      <div class=\"tap-icon\"><\/div>\n      <div class=\"tap-content\">\n         <span class=\"tap-label\">VIEW<\/span>\n         <span class=\"tap-description\">Warner &#8211; changing economic thinking (1:52)<\/span>\n        \n      <\/div>\n   <\/div>\n   <div class=\"output-content collapse\" style=\"height: 0px;\">\n      <div class=\"vimeo-container\">\n         <iframe webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\" src=\"\/\/player.vimeo.com\/video\/90189174?api=1\" frameborder=\"0\"><\/iframe>\n      <\/div><br>\n      <p><a href=\"https:\/\/content.scienceofecd.com\/transcript\/transcript-warner-changing-economic-thinking\/\" target=\"_blank\">Warner &#8211; changing economic thinking &#8211; Text Transcript<\/a><\/p>\n   <\/div>\n<\/div><\/div>\n\n<div class=\"lazyblock-interact-2wenmM wp-block-lazyblock-interact\"><div class=\"interact-link context-container\">\n  <a target=\"_blank\" href=\"http:\/\/hscsr.rrc.ca\/secd\/interactions\/findingsFromQuebec\/findingsFromQuebec.html\" class=\"tap-container interact\">\n    <div class=\"tap-icon\"><\/div>\n    <div class=\"tap-content\">\n      <span class=\"tap-label\">INTERACT<\/span>\n      <span class=\"tap-description\">Findings from Quebec<\/span>\n    <\/div>\n  <\/a>\n<\/div><\/div>\n\n\n<p>The links to practice section in this module looks at how to use this information along with other developmental health concepts to promote programs and policies focused on getting all children off to a healthy start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing in young children through ECD programs is one of the smartest investments a country can make to address inequality, break the cycle of poverty, and improve outcomes later in life&#8221; (World Bank Group, n.d.). The Early Years Study 4 (McCain, 2020) provides compelling data showing the important role early childhood education can have in [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-624","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/pages\/624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/comments?post=624"}],"version-history":[{"count":28,"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/pages\/624\/revisions"}],"predecessor-version":[{"id":8468,"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/pages\/624\/revisions\/8468"}],"wp:attachment":[{"href":"https:\/\/content.scienceofecd.com\/secd-intro\/wp-json\/wp\/v2\/media?parent=624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}