Economic Gains from Educational Reform by US States
Eric Hanushek (),
Jens Ruhose () and
Ludger Woessmann ()
Journal of Human Capital, 2017, vol. 11, issue 4, 447 - 486
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.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to the online full text or PDF requires a subscription.
Working Paper: Economic Gains from Educational Reform by US States (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:doi:10.1086/694454
Access Statistics for this article
More articles in Journal of Human Capital from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().