"...the net present value of the flow of fiscal benefits may recapture between 75 and 117 percent of the upfront costs of the program." Congrats on getting this out and thanks for your work. Excited to read it.
Kevin MilliganNew paper: Investing in Mothers? The Long-Run Impact of a Universal Child Care Program on Maternal Work and Income Joint with Michael Baker and Jon Gruber. We look at long-run (up to age 54) labour impact on mothers of kids eligible for the Quebec childcare program. www.nber.org/papers/w35514