Full Citation

Title: ECONOMIC GAINS FOR U.S. STATES FROM EDUCATIONAL REFORM

Citation Type: Working Paper

Publication Year: 2015

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Abstract: There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that educational achievement strongly predicts economic growth across U.S. states over the past four decades. Based on projections from our growth models, we show the enormous scope for state economic development through improving the quality of schools. While we consider the impact for each state of a range of educational reforms, an improvement that moves each state to the best-performing state would in the aggregate yield a present value of long-run economic gains of over four times current GDP.

Url: http://www.nber.org/papers/w21770

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Authors: Hanushek, Eric A; Ruhose, Jens; Woessmann, Ludger

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Publication Number: 21770

Institution: The National Bureau of Economic Research

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Publisher Location: Cambridge, MA

Data Collections: IPUMS USA, IPUMS CPS

Topics: Education, Labor Force and Occupational Structure, Poverty and Welfare

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