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Education and Economic Development The Economic Value of Improving Local Schools

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Describe linkage of current research and policy ... Must be committed over long haul. Reform alternatives. Ineffectiveness of resource solutions ... – PowerPoint PPT presentation

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Title: Education and Economic Development The Economic Value of Improving Local Schools


1
Education and Economic DevelopmentThe Economic
Value of Improving Local Schools
  • Eric A. Hanushek
  • Stanford University

2
Plan of discussion
  • Describe linkage of current research and policy
  • Consider benefits and costs of investment in
    quality
  • Provide explicit description of required
    improvements

3
Summary of results
  • Benefits of quality improvement large

4
Summary of results
  • Benefits of quality improvement large
  • Reform takes time (but is worth it if it
    succeeds)

5
Summary of results
  • Benefits of quality improvement large
  • Reform takes time (but is worth it if it
    succeeds)
  • Quality improvements require substantial changes
    in teacher quality

6
Summary of results
  • Benefits of quality improvement large
  • Reform takes time (but is worth it if it
    succeeds)
  • Quality improvements require substantial changes
    in teacher quality
  • Exact change in incentives uncertain

7
Earnings and productivity
  • Consistent impact of quality (test performance)
  • Earnings
  • School attainment

8
(No Transcript)
9
Dimensions of Reform
  • Magnitude
  • Speed
  • Must be committed over long haul

10
(No Transcript)
11
Reform alternatives
  • Ineffectiveness of resource solutions

12
Resource evidence
  • Aggregate U.S. and international

13
U.S. NAEP performance (17 year olds)
14
Public school resources, 1960-2000
15
(No Transcript)
16
Resource evidence
  • Aggregate U.S. and international
  • Econometric studies
  • U.S. since Coleman Report
  • Developing countries
  • TIMSS

17
Resource evidence
  • Aggregate U.S. and international
  • Econometric studies
  • U.S. since Coleman Report
  • Developing countries
  • TIMSS
  • Class size
  • Uncertainty
  • Magnitude

18
Reform alternatives (continued)
  • Ineffectiveness of resource solutions
  • Teacher quality improvements

19
Importance of teachers
  • Total effects versus measured characteristics
  • Consistent differences in teachers

20
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21
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22
Cleveland Federal Reserve District
  • Midwest slightly above national average
  • Cleveland one standard deviation below national
    average
  • Partly minority population
  • White students in Cleveland 2/3 s.d. below
  • Cities with more skilled labor grow faster

23
Ohio Finance Reform
  • Previous analysis
  • Investments measured by quality (outcome) very
    good
  • Investments measured by resources very bad

24
Ohio Finance Reform
  • Previous analysis
  • Investments measured by quality (outcome) very
    good
  • Investments measured by resources very bad
  • School finance should not be separated from
    school policy

25
Ohio Finance Reform
  • Previous analysis
  • Investments measured by quality (outcome) very
    good
  • Investments measured by resources very bad
  • School finance should not be separated from
    school policy
  • If interested in outcomes, must focus on outcomes

26
Conclusions
  • Quality dimension extremely important
  • Simple analysis ignores
  • Crime
  • Cost of remediation
  • Intergenerational transmission
  • Health
  • Improvements feasible with change in teacher
    quality
  • Must focus on outcomes
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