Education: the Super Drug

Education: the Super Drug | (News and Research 345)

Super Drug | Galloway | What if there was a drug that extended life, made you happier, healthier, and wealthier, and strengthened your relationships? The good news: It exists. The bad news: It’s being needlessly hoarded.

Build Feeder Schools (and Make Yale and Harvard Fund Them) | Fryer |In the monthsleading up to last week’s Supreme Court rulings, multiple news reports have given us a sense of how selective schools are planning to respond to its widely anticipated decision to end affirmative action: in part, by watering down their admissions standards, through policies like reducing or eliminating the role of standardized tests. If there aren’t enough Black and Hispanic applicants who can perform at the level a college would normally require, the thinking goes, then schools should drop some key measures of performance in order to admit those students anyway.

Education and Workforce Development Cost-Benefit Analysis Guidance | MCC | Between 2005 and late 2022, MCC invested over $628 million in education and workforce development interventions at almost every level of education (from primary through tertiary and adult continuing education), formal and non-formal, and in education that results in both academic and technical credentials. As with all MCC investments, those in education and workforce development aim to support the agency’s mission to reduce poverty through economic growth. Theory and evidence points to the importance of human capital —and especially the knowledge and skills attained through education, training, and work experience— as a key determinant of economic growth. In particular, greater levels of human capital facilitate the adoption of new technologies, and can increase efficiency and productivity, and thus enhance economic growth. At the firm level, the supply of skills is one of the criteria that businesses consider when deciding whether to invest, expand, upgrade technology, and hire more workers.

AI and the next digital divide in education | Trucano| The evolution of the “digital divide”: The first digital divide: The rich have technology, while the poor do not. The second digital divide: The rich have technology and the skills to use it effectively, while the poor have technology but lack skills to use it effectively. The third digital divide?: The rich have access to both technology and people to help them use it, while the poor have access to technology only.

**********

ECA Talk Returns to Education Turns 50 on March 29, 2023, Event Replay. Watch the discussion from earlier this week reassessing progress made on measuring the benefits of education 50 years after the publication of George Psacharopoulos’ pivotal study Returns to Education. Timestamps for remarks and panel discussions during the event replay are marked under the Agenda tab.

Submit a Manuscript to the Journal Education Economics for a Special Issue on the 50th Anniversary of the Returns to Education: An International Comparison | Manuscript deadline: 31 October 2023 | Special Issue Editor: Harry Patrinos, World Bank | Submit An Article | This year is the 50th anniversary of the publication of the book, Returns to Education: An International Comparison, by George Psacharopoulos (assisted by Keith Hinchliffe). Education Economics is publishing a special issue to mark this occasion and the contributions of Professor Psacharopoulos. The focus of this special issue is research on the returns to education. Research on international comparisons and /or  returns to education in less developed economies are especially welcome.