The PEF's total FY 2024 economic value of benefits was $93 million, up from $67 million in FY 2023, with benefits to families the largest share¶
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Evidence · 1 study · associationalr?·q2
Currency · newest study 2026 · checked against its sources 2026-10-08 (automated, 1 of 1 entry) · not reviewed by a person · recheck by 2029: local conditions change quickly
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Reading the evidence codes
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q2 i? Total FY 2024 economic value of program benefits for educators, facilities, and families was $93 million, compared to $67 million in FY 2023, and benefits to families accounted for the largest share. → Owen Schochet 2026
Evidence¶
Owen Schochet 2026¶
Owen Schochet, Katie Gonzalez. (2026). Early Childhood Educator Pay Equity Fund (PEF): Do Economic Returns Change Over Time?. Mathematica. none in text. https://www.mathematica.org/publications/early-childhood-educator-pef-do-economic-returns-change-over-time
q2 · i? · associational · r?
Benefit valuation in the FY 2024 benefit-cost analysis, updated with new evidence on labor market impacts and larger wage payments. The brief states "Benefits to families—through increased access and improved quality of CCEE services—account for the largest share of total benefits."
"The total FY 2024 economic value of program benefits for educators, facilities, and families is $93 million, compared to $67 million in FY 2023, reflecting new evidence on labor market impacts, larger wage payments, and how benefits are realized as the program continues."
Discussion¶
Related Claims¶
- A benefit-cost analysis of DC's Early Childhood Educator Pay Equity Fund finds the initiative to address educator pay gaps has economic value — related
- Program costs rose under the PEF's facility payment model, but the size and economic value of benefits also increased — related
- The PEF's total FY 2024 cost was $76 million, up from $54 million in FY 2023, reflecting larger educator payments and new facility administrative costs — related
- Washington, DC's PEF sustained a positive social return on investment of 21 percent in FY 2024, similar to 23 percent in FY 2023 — related
- PROMISE service costs represented relatively large investments — related
- Early education investments generate $2 to $17 in returns for every dollar invested, with greater returns as children are followed further in life — a broader claim this one bears on
Page metadata
| Field | Value |
|---|---|
type |
claim |
id |
pef-fy2024-benefits-93-million-families-largest-share |
title |
The PEF's total FY 2024 economic value of benefits was $93 million, up from $67 million in FY 2023, with benefits to families the largest share |
description |
The PEF's total FY 2024 economic value of benefits was $93 million, up from $67 million in FY 2023, with benefits to families the largest share |
status |
review |
evidence_strength |
moderate |
newest_evidence |
2026 |
source_checked |
2026-10-08 |
recheck_by |
2029 |
generated |
by process:wiki-ingest on 2026-10-08 |
trust |
unverified — no one has confirmed this page's content |
sources |
1 — owen-schochet-2026 |
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