NYT’s Kristoff Says “Occupy the Classroom”

Thursday, October 20th, 2011 | Author: Tracy

In yesterday’s New York Times, Nicholas Kristoff proposes that Occupy Wall Street needs to evolve to Occupy the Classroom. He writes:

Most of the proposed remedies involve changes in taxes and regulations, and they would help. But the single step that would do the most to reduce inequality has nothing to do with finance at all. It’s an expansion of early childhood education.

He quotes Kathleen McCartney, the dean of the Harvard Graduate School of Education who says, “This is where inequality starts.”

He quotes Nobel Prize-winning economist James Heckman who says, “Schooling after the second grade plays only a minor role in creating or reducing gaps.”

He concludes, “the question isn’t whether we can afford early childhood education, but whether we can afford not to provide it. We can pay for prisons or we can pay, less, for early childhood education to help build a fairer and more equitable nation.”

Economists, the Federal Reserve Chairman, military leaders, law enforcement, business leaders, and many others are recognizing that early childhood education is paramount to our country’s future. Yet many states have cut back on these investments, a move that will surely cost us more later.

UPDATE: Tim Bartik, economist and author of Investing in Kids, delves into the question, “How much can early childhood education do to reduce income inequality?” Read his blog post and find out the answer!

Read “Occupy the Classroom.”

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Nobel Prize-Winning Economist Says Deficit Reduction Plan Must Include Early Childhood Investments

Monday, September 26th, 2011 | Author: Tracy

Nobel Prize-winning economist Professor James Heckman has some advice for the “Super Committee,” the 12 Senators and Representatives charged with finding an additional $1.5 trillion in debt savings over a ten-year period: think differently, stop doing things that do not work and to invest in things that do.

In a letter to the Joint Select Committee on Deficit Reduction, Professor Heckman tells members to increase productivity and reduce deficits they need to remember the following principles:

  • Early childhood development deserves more resources, not less.
  • Investments in quality early childhood development more than pay for themselves.
  • We can gain money by investing early to close disparities and prevent achievement gaps, or we can continue to drive up deficit spending by paying to remediate disparities when they are harder and more expensive to close.
  • Early childhood health is critical to reducing deficits.
  • Invest money in quality programs
  • The federal government can and should incentivize the development of comprehensive state systems that focus on providing quality care for the children most at risk.
  • Expand upon proven models.
  • Funding for an improved Head Start and Early Head Start, as well as the Child Care and Development Block Grant, is essential and should be used to spur public/private collaboration on program replication.
  • Collect, align and analyze data from cradle to college and career.
  • Engage the private sector.

Read Professor Heckman’s letter.

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Early childhood education investments drive better local job creation

Friday, September 16th, 2011 | Author: Tracy

Tim Bartik, author of Investing in Kids, explains why investing in early childhood education can drive better local job creation. His top five reasons are:

  • Human capital is the key local competitive factor for businesses that is not readily portable.
  • Human capital matters not just to my individual business, but to building regional clusters of businesses.
  • Early childhood education is one of the most cost-effective methods of developing better local worker skills.
  • Early childhood education is particularly good at increasing soft skills, which are of great importance to businesses.
  • A large percentage of early childhood education participants will stay in the same local economy as working adults.

For an explanation of each reason and more information, read Tim’s post.

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The Impact of Family Income on Child Achievement

Thursday, July 28th, 2011 | Author: Tracy

The National Bureau of Economic Research has a new working paper, The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit.

Here’s an excerpt from the abstract:

“Our baseline estimates imply that a $1,000 increase in income raises combined math and reading test scores by 6% of a standard deviation in the short-run. Test gains are larger for children from disadvantaged families and are robust to a variety of alternative specifications.”

Download the paper.

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“Investing in Kids” Issue Brief

Wednesday, July 27th, 2011 | Author: Tracy

The Partnership for America’s Economic Success, a project of the Pew Center on the States, has written a short issue brief summarizing Tim Bartik’s book “Investing in Kids”.

Here’s what Michael Mandel, former Chief Economist at Business Week had to say about the book.

“Bartik’s new book is a comprehensive and compelling argument for a one-two economic devellopment punch: how state and local governments need to combine both tax incentives for businesses and investment in early childhood education.”

Download the issue brief.

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Early Childhood Education is Good for NC Economy

Friday, July 01st, 2011 | Author: Tracy

The Insight Center for Community Economic Development has written a new report on the economic impact of investments in early care and education in North Carolina. Among the findings:

  • Early care and education (ECE) programs in North Carolina generate $1.7 billion in revenue annually and provides more than 49,600 full-time equivalent jobs;
  • Provide safe learning environments for some of the 445,000 young children whose parents are all in the workforce. 59 percent of children ages five or younger have all parents working;
  • There are 380,000 workers in North Carolina who are parents of children between the ages of birth and five, and live in households where all parents work. Together these parents earn almost $12.5 billion every year.
  • Nationally, more than one fifth of all unscheduled absences from work are due to family issues, costing businesses money and productivity. Absences due to family issues cost the North Carolina economy
    about $2.75 billion annually.
  • In North Carolina, ECE generates a higher amount of receipts than custom computer programming services, outpatient care centers, and textile product mills, among others.
  • Early care and education employs more people than chemical manufacturing, nursing care facilities, or warehouse clubs and superstores.
  • The effects of early care and education ripple through the economy, creating an additional 12,580 jobs and $1.43 billion in economic activity, generated by early care and education businesses and workers making local purchases, thus further boosting North Carolina’s economy.

Download the 2011 Economic Impact Report.

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“Early Childhood is Win-Win”

Tuesday, June 28th, 2011 | Author: Tracy

Dr. Art Rolnick, formerly at the Federal Reserve Bank of Minneapolis, recently testified before the U.S. Congress on early childhood programs as economic development programs.

“I don’t care how much money the government gives to General Motors, 75% of the children in the Detroit public school system do not graduate high school. That economy will remain a third world economy now and for the next 20, 30 years if that continues no matter how much money you give General Motors,” Dr. Rolnick said.

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Heckman Equation Debuts New Website!

Tuesday, June 21st, 2011 | Author: Vivian

Advocates have been using Professor James Heckman’s work to prove that investing in early childhood development produces significant returns in education, health and economic outcomes. The Heckman Equation has become the rallying cry for fighting state and federal cuts in family support—as well as an organizing principle for improving the lives of disadvantaged families and producing an
economically competitive America.

Now they’ve made it even easier to access, use and share Professor Heckman’s work. From scholarly papers to one-pagers to presentations to downloadable videos—everything you need to know about Professor Heckman’s work is now searchable and downloadable on his new website www.heckmanequation.org. See his recent lecture in Chicago, where he told policymakers and business leaders that investing in early childhood development was a fiscally responsible way to reduce deficits and create growth. Hear business leaders talk about the connection between early childhood development and workforce development. Find data, analysis and graphs to show how effective early childhood development drives better outcomes in education, health and economic productivity. It’s all at www.heckmanequation.org and it’s all there for you to use in your advocacy.

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A Plan for a Better US

Tuesday, May 17th, 2011 | Author: Smart Start

This video should be required viewing.

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The Business Imperative for Improving Early Childhood Education

Wednesday, March 30th, 2011 | Author: Smart Start

Early in March 2011, business leaders gathered in Washington, DC to discuss how investing in young children today is a sound economic decision that provides up to 10 percent return on investment and is critical for keeping America competitive. The panelists included

  • Rob Grunewald, associate economist at the Federal Reserve Bank of Minneapolis. He conducts economic research and is the author of “Early Childhood Development: Economic Development with a High Public Return.”
  • Al Stroucken, Chairman and CEO of Owens-Illinois, Inc., the world’s leading glass container manufacturer with more than 22,000 employees in 21 countries. The $7.1 billion company is headquartered in Perrysburg, Ohio. In addition to his leadership on behalf of Owens-Illinois, Inc., Mr. Stroucken has a longstanding commitment to the United Way.
  • Lloyd Lamm, the regional banking executive for the Capital Region of First National Bank, headquartered in western Pennsylvania. Mr. Lamm is a member of Pennsylvania’s Early Learning Investment Commission, whose mission is to secure support for public investment in early learning by focusing on practices that are educationally, economically, and scientifically sound.
 
Watch the event online. It was co-sponsored by the Committee for Economic Development, the Manufacturing Institute, and the Partnership for America’s Economic Success. It was moderated by Harriet Dichter, National Director, First Five Years Fund.
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