How Does Education Improve The Economy?


A new Economic Policy Institute report shows adequate and targeted investment in education is the best way to achieve faster growth, more jobs, greater productivity, and more widely shared prosperity. Smart Money: Education and Economic Development, written by economic development expert William Schweke, uses more than 180 studies to prove how education is essential in advancing economic equality and keeping the U.S. workforce competitive in a knowledge-based economy. Read a summary.


Another report that addresses this issue is entitled "Of Course Money Matters: Why the arguments to the contrary don't add up." The authors of this paper argue that if money is spent on these four items, it matters a lot: (1) qualified teachers, (2) smaller classes, (3) pre-school initiatives, and (4) academic intervention programs.