Childcare reforms will deliver economic benefits for decades to come

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Lead Economist Dr Angela Jackson and Lead Education Julie Sonnemann published an opinion piece in the Australian Financial Review on the recent announcement by the NSW and Victorian Government’s to expand access to a universal year of pre-school education.

In a time of economic uncertainty when government balance sheets are at their weakest in a generation, there are going to be questions about the feasibility of such large new investments. But these reforms will deliver large economic dividends by reducing disincentives for parents to work, and through providing universal access to a key builder of our future productivity – early childhood education.