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The Value of Social Investments: Disentangling Preferences for Outcomes and Processes

The Value of Social Investments: Disentangling Preferences for Outcomes and Processes. Semra Özdemir June 24, 2010 Camp Resources, NC. The Problem. Benefits of reducing poverty Less crime, substance abuse, teenage pregnancy Improved workforce productivity Altruistic values

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The Value of Social Investments: Disentangling Preferences for Outcomes and Processes

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  1. The Value of Social Investments: Disentangling Preferences for Outcomes and Processes

    Semra Özdemir June 24, 2010 Camp Resources, NC
  2. The Problem Benefits of reducing poverty Less crime, substance abuse, teenage pregnancy Improved workforce productivity Altruistic values Barriers to poverty-reduction interventions Skepticism about effectiveness of interventions Ideology and general distrust of government Analogy to green products: people care about both “what” and “how”
  3. What are we planning to do? Estimate the willingness of US households to pay to reduce childhood poverty Identify and quantify how values are affected by: Altruistic preferences Ideology and process preferences Behavioral-economic factors
  4. How are we going to do this? Survey a few thousand individuals from Knowledge Networks’ nationally representative web-based panel Ask these respondents two kinds of stated preference questions (choice experiment & contingent valuation method) Conduct a field experiment
  5. Heckman Results Early human-capital investments from birth to age five produce the greatest returns We develop cognitive and soft skills during the first 5 years of our lives that affect our adult lives
  6. Choice of Object Early child care programs that target 0-5 year old children in at-risk families Example programs Perry Preschool Program Carolina Abecedarian Program
  7. Possible Experimental Controlson Process Factors Institution options Federal, state, or local government Religious, nonprofit, or for-profit organizations Payment-vehicle options Total taxes Reallocation of taxes Voluntary donations Matching, rebate, provision-point mechanisms Money or time donations
  8. Thank you!
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