Tuesday, October 2, 2012

Economic return on early childhood investment



While surfing the internet this week I found a very interesting and knowledgeable person, James Heckman. James Heckman is a Nobel Memorial prize winner in Economics, and is an expert in the economics of human development. Heckman has proven that investing in early childhood development has great economic gains. In this video I found on youtube http://www.heckmanequation.org/about-professor-heckman, he articulately expresses the importance of early childhood investment. He states that early childcare is not only a social issue, but also an economic issue and education is at the heart of the economy. We need to invest in childhood development to gain skills for workforce development, and in turn, we will have less high school dropouts, and crime. He states a proportion of ages 18-25 are going on to college and others are dropping out of society. This creates a top half and a bottom half in which the bottom half is not working or contributing to society, creating a drain. This man sparked my interest and I decided to find his website, which has a vast amount of knowledge and videos to watch. I would highly recommend anyone interested, to visit his website http://www.heckmanequation.org/about-professor-heckman.

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