To Save One Dollar

TO "SAVE" ONE DOLLAR. . .

OCTOBER, 1995


My father once told me, "It's no great thing to save a dollar
no matter what the cost. Don't be penny-wise and pound-simple."

When it comes to public investment in children's health and education, saving a dollar today may actually cost more than a dollar tomorrow. Much of today's public expenditure on children is actually an investment in their future productivity and health.

Listed below are the conclusions of evaluations of some government expenditure programs that target children. These studies have considered the economic returns to such expenditures, either in the form of increased productivity for the entire economy or in the form of reduced future expenditure on remediation programs. Therefore, these studies do not take into account the substantial increase in welfare that accrues to the beneficiaries of these programs simply as a result of the provision of the service or transfer.


CHILDHOOD IMMUNIZATION


SPECIAL SUPPLEMENTAL FOOD PROGRAM FOR
WOMEN, INFANTS, AND CHILDREN (WIC) PRENATAL,
AND MEDICAID PRENATAL CARE


HEAD START AND OTHER EARLY CHILDHOOD EDUCATION


INCOME SUPPORT -- AFDC AND FOOD STAMPS
AND TAX POLICY -- EITC


TEEN EDUCATION, DROPOUT PREVENTION,
AND YOUTH EMPLOYMENT


LEAD POISONING


HOUSING ASSISTANCE


CONCLUSION

This survey examines some studies of federal expenditure programs that invest in the future of American children. The focus is on the economic return to spending on these programs measured in future output and future remedial expenditure. While this document does not address the undoubtedly substantial reduction in immediate misery that these programs bestow upon their beneficiaries, such benefits and the repercussions of their loss should be considered before any cut is made.

Furthermore we have examined only some of the public expenditure programs for children based on the availability of reliable cost-benefit analysis. Other public expenditure programs at the federal, state, and local levels almost certainly generate economic returns but have not yet received proper evaluation.


1 House Select Committee on Children, Youth, and Families. Opportunities for Success: Cost Effective Programs for Children Update, 1990. 101 Cong. 2 sess. (GPO 1990).

2 U.S. Department of Agriculture, Food and Nutrition Service, Office of Analysis and Evaluation, The Savings in Medicaid Costs for Newborns and Their Mothers from Prenatal Participation in the WIC Program, Vol. 1, (Washington, D.C.: Mathematica Policy Research, Inc., 1990).


White Papers Index



CEA White Papers

Towards Competition in International Satellite Services

Explaining the Decline in Welfare Receipt, 1993-1996

Promote Economic Growth

Economic Growth - Introduction

Executive Summary

An Investment for Our Future

Gender Wage Gap

The Economics of Child Care

To Save One Dollar

Good News for Low Income Families

U.S. Trade Policy With Japan

Job Creation & Employment Opportunities

Latest Jobs Report Indicates Record Length

Governmental Statistics

The Effects of Welfare Policy and the Economic Expansion on Welfare Caseloads

Technical Report: The Effects of Welfare Policy and the Economic Expansion on Welfare Caseloads

The First Years: Investments That Pay


President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement

Help

Site Map

Graphic Version

T H E   W H I T E   H O U S E