The Atlantic staffer Gillian B. White looks at the profound correlation between education and training alternatives in a locality with the economic vibrance of the place.
White's focal point is a new paper from the National Bureau of Economic Research that takes a look at the financial return for states who invest in improving the quality of K-12 education. Authors Eric A. Hanushek of Stanford, and Ludger Woessmann and Jens Ruhose of the University of Munich, find that the payoff can be significant. White writes:
In order to figure out the economic impact of improving primary and secondary education, the economists look at the relationship between school quality (in the form of academic achievement and test scores) and human capital, which is the economic measure of workers’ total abilities, skill sets, and work quality.