Thomas van Huizen|Lisa Dumhs|Janneke Plantenga
The Costs and Benefits of Investing in Universal Preschool: Evidence From a Spanish Reform
Utrecht University|Utrecht University|Uitvoeringsinstituut Werknemersverzekeringen|Utrecht University
study provides costbenefit analysis expanding access universal preschool education focusing spanish reform lowered age eligibility publicly provided universal preschool age 4 age 3 benefits terms child development maternal employment estimated using evidence causal effects reform baseline estimation benefitcost ratio 4 indicating sizeable net societal benefits preschool investment results show child development effects major determinant costbenefit ratio employment gains parents appear play relatively minor role overall costbenefit analysis provides support investing highquality preschool education