Economic Gains from Educational Reform by US States

Eric Hanushek, Jens Ruhose () and Ludger Wößmann
Authors registered in the RePEc Author Service: Ludger Woessmann

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: 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.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Published in Journal of Human Capital 4 11(2017): pp. 447-486

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: 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) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:49893

Access Statistics for this paper

More papers in Munich Reprints in Economics from University of Munich, Department of Economics Ludwigstr. 28, 80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Tamilla Benkelberg ().