Education Pays

Education Pays | (News and Research 378)

Show this chart to anyone who tells you college isn’t worth it | Peck |

Also: The Labor Market for Recent College Graduates, Federal Reserve Bank of New York; Economic inequalities among college graduates are linked to college major choice Startz, Brookings

Scaling and sustaining teacher policies for educational transformation | Arias, Díaz, Gutierrez | Like in many areas of public policy, teacher policy interventions often succeed in small-scale pilots but fail to achieve sustained, system-level changes when implemented at scale. Economist John List coined the term “voltage drop” to convey the widely observed fact that many interventions yield lower impacts when they scale. For instance, teacher coaching interventions are roughly half as effective, on average, when they move from pilots to scale.

How the pandemic affected global education: Insights from PISA | The closure of schools in response to the seismic disruptions of the Covid-19 pandemic has left an indelible mark on education worldwide. As nations grappled with closures lasting varying lengths of time, the implications for student learning became increasingly evident. Recent data from the OECD’s Programme for International Student Assessment (PISA) have shed some light on the extent of the damage and its potential economic repercussions. As is well known, PISA is an international measure of the academic achievements of fifteen-year-old students that serves as a critical barometer of global education standards. Its latest results (from 2022), incorporating data from both pre- and post-Covid assessment rounds, provide a comprehensive view of the pandemic’s still-evolving impact on academic achievement. The key finding is stark. Between 2018 and 2022, there was an average decline in scores of 14 percent of a standard deviation, equivalent to seven months of learning. And that’s after controlling for pre-Covid trends!

New Developments in the Economics of Education | Exciting opportunity to present your research on the economics of education at the Public Sector Economics 2024 Conference September 23, 2024, in Zagreb, Croatia. Submit proposals by May 15 here. Keynote speakers:  Daniele Checchi, University of Milan, Italy andHarry Anthony Patrinos, World Bank.