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Economic Gains from Educational Reform by US States

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  • Hanushek, Eric A.
  • Ruhose, Jens
  • Wößmann, Ludger

Abstract

There is limited evidence justifying the economic case for state education policy. Using new measures of workers' cognitive skills that allow for selective internal migration and foreign immigration, we provide preliminary estimates of growth regressions that incorporate worker skills. Our descriptive models show that educational achievement predicts economic growth across US states over the past four decades. Projections from our growth models show the substantial potential scope for state economic development through improving school quality. While we consider the impact of a range of educational reforms, an improvement that moves each state to the best-state level would in the aggregate yield an estimated present value of long-run gains of 8 percent of discounted future GDP.

Suggested Citation

  • Hanushek, Eric A. & Ruhose, Jens & Wößmann, Ludger, 2017. "Economic Gains from Educational Reform by US States," Munich Reprints in Economics 49893, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:49893
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    Cited by:

    1. Sven Resnjanskij & Jens Ruhose & Simon Wiederhold & Ludger Woessmann & Katharina Wedel, 2024. "Can Mentoring Alleviate Family Disadvantage in Adolescence? A Field Experiment to Improve Labor Market Prospects," Journal of Political Economy, University of Chicago Press, vol. 132(3), pages 1013-1062.
    2. Jaimes, Richard & Gerlagh, Reyer, 2020. "Resource-richness and economic growth in contemporary U.S," Energy Economics, Elsevier, vol. 89(C).
    3. Ehrlich, Isaac & Cook, Adam & Yin, Yong, 2018. "What Accounts for the US Ascendancy to Economic Superpower by the Early 20th Century: The Morrill Act – Human Capital Hypothesis," IZA Discussion Papers 11647, Institute of Labor Economics (IZA).
    4. Kunwon Ahn & John V. Winters, 2023. "Does education enhance entrepreneurship?," Small Business Economics, Springer, vol. 61(2), pages 717-743, August.
    5. Kuzey Yilmaz, 2020. "States and school finance," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(3), pages 539-549, June.
    6. Gust, Sarah & Hanushek, Eric A. & Woessmann, Ludger, 2024. "Global universal basic skills: Current deficits and implications for world development," Journal of Development Economics, Elsevier, vol. 166(C).

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