Technological advances in the economy present both challenges for firms and workers tied to outmoded production methods and great opportunities for those able to adapt.
The nation is stuck with a bad equilibrium in terms of teacher salaries: salaries are insufficient to attract new teachers who can fuel improved schools and yet they are not even high enough to satisfy current teachers.
The nation is stuck with a bad deal on teacher salaries: salaries insufficient to attract new teachers who can fuel improved schools and yet not even high enough to satisfy current teachers.
The PISA scores are a good index of the future quality of the labor force in each country, and the quality of the labor force in turn has been shown to be a decisive factor in determining the long-run growth rates of nations.
Ohio can build on relative strength in math education to shore up the educational skills of Ohioans and better position the state for the coming artificial intelligence revolution.
This week on Banter, AEI’s John H. Makin Visiting Scholar Eric Hanushek discusses the relationship between teacher cognitive skills and student achievement.
Dr. Hanushek’s research finds that there are substantial differences in teacher cognitive skills across countries that are related to student performance. Dr. Hanushek will soon publish a new academic paper in the Journal of Human Resources on the subject. You can read the full paper and listen to Dr. Hanushek’s appearance on the “Political Economy” podcast with Jim Pethokoukis at the links below.
Putting our heads in the sand is not the right answer. Test scores today say a lot about what our labor force will look like over the coming decades. Our current students' skills will dictate our economic future in the long run. Understanding the implications of higher skills—as measured by regular standardized tests—provides a way of assessing how our country as a whole will fare in the coming years.
In a knowledge-based economy, early employment gains with vocational training may lead to later problems when specific skills become obsolete.
Nobody can realistically improve if they do not know where they stand or what is possible. Throwing more money at the global learning crisis without solid information on the specific challenges facing individual low- and middle-income countries is unlikely to be more successful in the future than in the past.
Education policy in the U.S. is in transition. The policy directions of states will have a great impact on the future of each state’s economic development. And here the business community can significantly affect the future, essentially by promoting its own self-interest.
In September 2015, the United Nations adopted an aggressive development agenda that included 17 separate Sustainable Development Goals (SDGs) designed to guide investment and development over the next 15 years. Two of these assume particular importance because they will determine whether or not the other 15 can be achieved.
Improved education is the key to the future for the U.S., as our economy depends on having a highly skilled workforce. Over the past five years, my sense of hope and optimism has actually overtaken despair with U.S. schools. First, there is now broad recognition that quality teachers can lead to revitalized schools that are competitive internationally. Second, there is a new willingness by legislatures in a majority of states to push actively for more flexibility in hiring, paying, and retaining teachers and for improved teacher evaluations so that we identify the teachers that we want to nurture and retain.
We argue that economic growth is what will ensure the other laudable Sustainable Development Goals and that quality education is the only way to achieve long run growth. Simply put, this economic growth goal and the means of achieving it through quality education stand at the top of the pyramid of the SDGs.
How important are basic skills for economic success and growth? Eric Hanushek of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the importance of basic education in math and literacy and their relationship to economic growth. Hanushek argues that excellence in educating people in basic skills leads to economic growth, especially in poorer countries where years of education may be a poor proxy for learning.
My critique of the paper by Jackson, Johnson, and Persico is very simple and might be lost in the dazzling misdirection of their response. When I learned computer programming, I was taught to use simplified approximations of results to make sure that my more complicated, and harder to check, programs produced answers that were in the right ballpark. This step apparently is no longer taught.
Considerable prior research has failed to find a consistent relationship between school spending and student performance, making skepticism about such a relationship the conventional wisdom. Given that skepticism, new studies that purport to find a systematic relationship between school spending and student performance get disproportionate attention. Kirabo Jackson, Rucker C. Johnson, and Claudia Persico offer a new study suggesting that a clear money-performance relationship exists if you just look in the right place. Nonetheless, we really cannot get around the necessity of focusing on how money is spent on schools.