False economies: Childcare centers vs. Home visits, Round 2!
This entry is the continuation of last week’s post that you can find here.
Are we using the right tools to distinguish between good and bad investments? Sometimes, important social outcomes cannot be captured in a simple cost-benefit equation. Childcare policies for instance, have inter-generational consequences because they affect social norms. But, how do you give a monetary value to having a more equal society as the result of a policy?