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Direct linkHanushek, Eric A.; Woessmann, Ludger – Education Economics, 2020
This paper quantifies the economic benefits of educational improvement covered by the educational goals of the European Union, providing disaggregated projections for each of the EU countries and comparative economic results for alternative policy goals. Increased student achievement by 25 PISA points across the EU would be expected to add €71…
Descriptors: Foreign Countries, Economic Impact, Educational Policy, Educational Objectives
Woessmann, Ludger – Education Economics, 2016
The case for education can be made from many perspectives. This paper makes the case for education based on economic outcomes. Surveying the most recent empirical evidence, it shows the crucial role of education for individual and societal prosperity. Education is a leading determinant of economic growth, employment, and earnings in modern…
Descriptors: Role of Education, Evidence, Economic Impact, Economic Development
Hanushek, Eric A.; Ruhose, Jens; Woessmann, Ludger – Education Next, 2016
Congress passed the Every Student Succeeds Act, supplanting No Child Left Behind and placing responsibility for public school improvement squarely upon each of the 50 states. With the federal government's role in school accountability sharply diminished, it now falls to state and local governments to take decisive action. Even though most…
Descriptors: Educational Quality, Economic Impact, Academic Achievement, Educational Improvement
Download full textFalck, Oliver; Woessmann, Ludger – Program on Education Policy and Governance, Harvard University, 2010
School choice research mostly focuses on academic outcomes. Policymakers increasingly view entrepreneurial traits as a non-cognitive outcome important for economic growth. We use international PISA-2006 (Programme for International Student Assessment -2006) student-level data to estimate the effect of private-school competition on students'…
Descriptors: Economic Development, Catholics, School Choice, Competition
Hanushek, Eric A.; Woessmann, Ludger – OECD Publishing (NJ1), 2010
While many nations express a commitment to improved educational quality, education often slips down on the policy agenda. Because the benefits of educational investments are seen only in the future, it is possible to underestimate the value and the importance of improvements. This report uses recent economic modelling to relate cognitive…
Descriptors: Foreign Countries, Thinking Skills, Economic Progress, Relationship
Hanushek, Eric A.; Woessmann, Ludger – National Bureau of Economic Research, 2009
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which Latin American countries consistently perform at the…
Descriptors: Economic Development, Indigenous Populations, Self Determination, Racial Differences
Hanushek, Eric A.; Woessmann, Ludger – Program on Education Policy and Governance, Harvard University, 2007
The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic wellbeing, with a particular focus on the role of educational quality. It concludes that there…
Descriptors: Educational Quality, Economic Progress, Developed Nations, Educational Change
