This case describes a policy maker who is reviewing evidence on the financial and social impact of giving low-income families access to high-quality preschools. In doing so, the case presents details of the oft-cited Perry Preschool study, which used a randomized experiment design for impact evaluation and cost-benefit analysis of one such programme.
This case sheds light on impact evaluation, focusing on how to use a rigorous randomized experiment approach (also called randomized control trials or RCTs). It also serves as a basis for discussing cost-benefit analysis and social returns on investment for interventions like high-quality preschools. It is suitable for courses on public policy, sustainable development, nonprofit management, social entrepreneurship, impact investing and research design.
- Impact Evaluation
- Social Impact
- Public Policy
- Social Returns on Investment
- Cost-Benefit Analysis
- Preschool Education
- Outcome Measurement
- Social Inclusion
- Randomized Control Trials (RCTs)
- Experiment Design
- Sustainable Development
- Nonprofit Management
- Theory of Change
- Impact Investing
- Q11718