Wall Street Journal - PAUL E. PETERSON AND ERIC A. HANUSHEK
12-Sep
Peterson and Hanushek: The Vital Link of Education and Prosperity (*op-ed)
Those with a college degree can expect to earn over 60% more in the course
of their lifetime than those with a high-school diploma, according
to U.S. Census data. But there is a nexus between educational
achievement and national prosperity as well. According to our
calculations, raising student test scores in this country up to
the level in Canada would dramatically increase economic growth.
We estimate that the additional growth dividend has a present
value of $77 trillion over the next 80 years. This is equivalent
to adding an average 20% to the paycheck of every worker for
every year of work over this time period.
http://online.wsj.com/article/SB10001424127887323324904579042672762472600.html
Frank S. Burrows, Jr.| Senior Editor-Special Projects
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