Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
The Perry Preschool Project and Long-Term Productivity
In the 1960s, a small experiment in Ypsilanti, Michigan tracked 123 low-income children for decades. The results: every dollar invested in high-quality preschool returned seven to twelve dollars in reduced crime, higher earnings, and better health. Lucas and Luna explore how the Perry Preschool Project became a landmark in productivity economics, why the gains compound over generations, and what it means for public investment today.
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The skinny
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