Asymmetric Information and the Child Care Market
Cochran, Moncrieff M.;
Peters, H. Elizabeth;
||An assessment of whether publicly available information about quality influences parents' child care choices, with an investigation of what types of providers are likely to participate in evaluations to assess child care quality, and how the results of these evaluations can influence the market. The study expands the work of the Child Care Programs of Excellence (CCPOE) project, which was designed to: (1) recruit providers and assess their quality via on-site observations; (2) develop a quality rating report and disseminate it to parents; and (3) evaluate the impact of this information on parents' and providers' choices. Quantitative data analyses are used to answer the research questions. The policy implication for this work is the feasibility and benefit of educating parents about the importance of high quality child care.
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