Arbeitspapier
Economic Gains for U.S. States from Educational Reform
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5662
- Klassifikation
-
Wirtschaft
Analysis of Education
Human Capital; Skills; Occupational Choice; Labor Productivity
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
economic growth
human capital
cognitive skills
schooling
U.S. states
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hanushek, Eric A.
Ruhose, Jens
Woessmann, Ludger
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hanushek, Eric A.
- Ruhose, Jens
- Woessmann, Ludger
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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