Putting a value on early childhood care and education


PwC_2014-09-10

A new PwC study provides economic modelling of the long-term impact of quality and access to early childhood education and care on the Australian economy and on taxpayers.

Our children are a critical and too often overlooked element in the debate about how Australia can increase prosperity in the long-term.

Any number of international studies show how children’s early lives profoundly shape their life outcomes, for better and for worse. But what of the broader economic consequences — exactly how will our children shape our nation’s future and its fortunes?

A new PwC study — Putting a value on early education and care in Australia — for the first time provides economic modelling of the long-term impact of quality and access to early childhood education and care (ECEC) on the Australian economy and on taxpayers, specifically by looking at its impact on productivity.

The study finds a cumulative positive impact on GDP of up to $29.6 billion by 2050 and an estimated net fiscal benefit of between $1.6 and $1.9 billion in the same period.

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