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What is the market price of daycare and preschool?

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Description:
How much do parents spend on center-based daycare and preschool for their young children? In other words, what is the market price of these services? The answer is important for parents, government, policymakers, and providers. Using nationally representative data from the 2016 Early Childhood Program Participation Survey I calculate hourly and annualized prices for parents who purchase at least eight hours a week of center-based care for a child under five who does not have a disability and do so without outside financial help in paying the fees. The results are analyzed by age of child, region of country, parental education, parental income, and hours of attendance. (author abstract)
Resource Type:
Reports & Papers
Country:
United States

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