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Home Features Putting a value on early childhood care and education
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PEOPLEPwC, Tony Peake, PwC
TAGS childcare, early childhood education, Education, PwC
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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Tony Peake is National Leader – Government at PwC Australia. He heads PwC’s team that focuses on delivery to government departments, business enterprises and statutory authorities. Tony has strong relationships with people across the political and public service spectra. PwC combines a broad understanding of regulatory and economic conditions with the functional skills of domestic and international experts, partnering with government to deliver innovative solutions. PwC aims to contribute to advancing government priorities while delivering value for money.
Tony is also PwC Australia’s Managing Partner, Finance & Operations and leads teams across finance, business services, technology and real estate. He is a member of PwC Australia’s Executive Board.
Outside work, Tony is a member of the Council of The University of Melbourne, a director and Treasurer of Methodist Ladies' College, and director of Melbourne University Publishing.
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