On estimating the fiscal benefits of early intervention

| Publication date: 10 May 2017 | External Author(s): Feinstein, L , Chowdry, H, Asmussen, K | JEL Classification: H43, H51, H52, H53, H72, H75, I14, I24, I31, I38, J13, J18, J24 | Journal: National Institute Economic Review Issue 240 | Publisher: Sage Publications, London

Their paper Feinstein, Chowdry and Asmussen explain some of the difficulties of providing forecasts of the financial benefits of early intervention programmes, focussing on those delivered during the early childhood period. We highlight the diversity of early intervention, and the complexity and multiplicity of outcomes. Summarising recent work at the Early Intervention Foundation they assess the evidence on the impacts of early intervention, describe new ways of assessing accurately the local fiscal costs of late intervention and consider the implications of this for addressing the well-established barriers to investment in prevention.

 

Keyword tags: 
noncognitive skills
early childhood
child development
early intervention
programme evaluation
randomised controlled trials
cost-benefit analysis