source

The Economic Costs of Childhood Poverty in the US

This paper estimates the cost of childhood poverty in the US, totaling around $500 billion per year, or 4% of GDP. Specifically, they estimate that childhood poverty reduces productivity and output by 1.3% of GDP, raises the costs of crime by 1.3% of GDP, and raises health expenditures by 1.2% of GDP.

2008

Academic Paper

Source link

Childhood poverty in the US is estimated to cost $500 billion per year, or 4% of GDP. Childhood poverty in the US is estimated to reduce productivity and output by an amount equal to 1.3% of GDP. Childhood poverty is estimated to raise the costs of crime by 1.3% of GDP. Childhood poverty is estimated to raise health expenditure by 1.2% of GDP.
Jens Ludwig Greg J. Duncan Diane Whitmore Schanzenbach Harry J. Holzer
Basic Income
Loading...