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A Thought on Education and Prosperity

"How can U.S. student achievement be boosted? Notably, the average number of years students are in school has little impact on economic growth, once student test-score performance is taken into account. If you aren't learning anything at your desk, it doesn't matter how long you sit there.

"Nor is more money the answer. The U.S. spends on average $12,000 per pupil in grades K-12, one of the highest amounts in the world. Among U. S. states, increments in spending per pupil between 1990 and 2010 show no correlation with changes in student performance.

"In Wyoming and New York, spending levels per pupil climbed at one of the fastest rates without getting any extra gains in student achievement over this time period. Florida was among the most rapidly improving states, even though inflation-adjusted state expenditures per pupil hardly changed. It matters more how the money is spent than how much is spent. Expensive but ineffective policies such as class size reduction, while valued by current school personnel, have not raised achievement. Better accountability, more school choice, market-based teacher compensation and retention policies can on the other hand boost achievement without adding materially to school costs.

"Nationwide, the biggest economic gains will come many years after school improvement takes place, a fact that probably helps to explain the reluctance of the political class to commit itself to genuine school reform. Confronting the power of teacher unions and other vested interests is politically costly. But the failure to improve the education system is more costly still."

~  Paul Peterson and Eric Hanushek, Op-Ed, "The Vital Link of Education and Prosperity" Wall Street Journal, September 12, 2013

HT Their Wall Street Journal op-ed ($ - pay wall)

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