Economic Gains from Educational Reform by US States

Autor:	Eric A. Hanushek, Ludger Woessmann, Jens Ruhose
Rok vydání:	2017
Předmět:	Present value Scope (project management) Public economics Internal migration media_common.quotation_subject Yield (finance) 05 social sciences Immigration 0502 economics and business Economics Quality (business) Education policy Cognitive skill 050207 economics General Economics Econometrics and Finance 050205 econometrics media_common
Zdroj:	Journal of Human Capital. 11:447-486
ISSN:	1932-8664 1932-8575
DOI:	10.1086/694454
Popis:	There is limited evidence justifying the economic case for state education policy. Using new measures of workers’ cognitive skills that allow for selective internal migration and foreign immigration, we provide preliminary estimates of growth regressions that incorporate worker skills. Our descriptive models show that educational achievement predicts economic growth across US states over the past four decades. Projections from our growth models show the substantial potential scope for state economic development through improving school quality. While we consider the impact of a range of educational reforms, an improvement that moves each state to the best-state level would in the aggregate yield an estimated present value of long-run gains of 8 percent of discounted future GDP.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::50f50474fc54141974462978dd7286a1 https://doi.org/10.1086/694454 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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