| Fundamentally, investigations into the economic impacts of the Achievement Gap demonstrate the importance of getting it closed.
Minnesota
November 2006 - Healthier and Wealthier: Decreasing Health Care Costs by Increasing Educational Attainment - Minnesota could save $224,361,106 in lifetime Medicaid and uninsured medical coverage costs if all students in the class of 2005-2006 graduated from high school, Alliance for Excellent Education.
August 2006 - Early Care and Education in Minnesota: A Wise Investment - A Guide for Policy Makers, Ready 4 K.
March 2006 - High School Dropouts Cost the U.S. Billions in Lost Wages and Taxes - $3.8 billion in Minnesota, Alliance for Excellent Education.
April 2005 - SHOW ME THE MONEY: Alliance Analysis Finds That States Could Generate Millions More in Wages by Raising High School Graduation Rates, Alliance for Excellent Education.
Minnesota Results:
State |
Graduation |
Increase in earnings with diploma |
Increase in earnings with some post-secondary |
Increase in earnings with Bachelors |
|
Rate |
| Minnesota |
84% |
$40,212,288 |
$80,424,576 |
$129,572,928 |
July 2005 - 2005–2006 Opportunity Forecast Summary: Twin Cities Graded among 12 High Performance Comparison Regions (HPCR), The Great North Alliance. (Executive Summary)
January 2005 - Financing Higher Education—A Bigger Bang for the Public Buck - Compelling data demonstrates the importance of Closing the Achievement Gap, Minnesota Private College Research Foundation.
2004 - Public Schools and Economic Development: What the Research Shows, Research indicates that quality public schools can help make states and localities more economically competitive, KnowledgeWorks Foundation.
May 2004 - All Kids Learn Fact Sheet for Business, Minneapolis Foundation.
April 2004 - Projections of High School Graduates: Implications for Baccalaureate Degree Production and Workforce Growth, Minnesota Private College Research Foundation
March 2004 - Metro Trend Watch 2004, Wilder Research Center. This research project looks at five critical issues in which todays trends will influence the well-being of the Twin Cities metro area for years to come. See especially, School Success.
February 2004 - Workforce First - A practical and affordable path toward a strong Minnesota economy and a decent standard of living for all, Growth & Justice.
June 2003 - Business Cycles and Long-Term Growth: Lessons from Minnesota, What accounts for Minnesota's superior growth over the past 70 years? Federal Reserve Bank of Minneapolis.
National
September 24, 2007 - Education and Economic Competitiveness - Education fundamentally supports advances in productivity, upon which our ability to generate continuing improvement in our standard of living depends. If we are to successfully navigate such challenges as the retirement of the baby-boom generation, advancing technology, and increasing globalization, we must work diligently to maintain the quality of our educational system where it is strong and strive to improve it where it is not. Federal Reserve Bank Chairman Ben S. Bernanke speech at the U.S. Chamber Education and Workforce Summit, Washington, D.C.
January 2007 - America's Perfect Storm: Three Forces Changing Our Nation's Future - Three converging forces are putting our nation at risk: inadequate literacy skills, a changing economy and a diverse population and workforce, Education Testing Service Policy Evaluation and Research Center.
December 2006 - Working Together: Aligning State Systems and Policies for Individual and Regional Prosperity - Provides six recommendations for aligning education, workforce, and economic development policies, Workforce Strategy Center.
December 2006 - Tough Choices or Tough Times (Executive Summary) - Recommends a major overhaul of U.S. public schools, New Commission on the Skills of the American Workforce.
March 2006 - Getting the Most Out of America’s Education Investment: How a Fresh Perspective on a Long-standing Challenge Can Further America’s Competitiveness in the World, Standard & Poor’s.
April 2006 - Risky Business - With the economic future of the U.S. tied to our public education system, business leaders are scrambling to push for change, Edutopia.
March 2006 - Making Cities Skilled - What makes cities grow? - Dr. Edward Glaeser, Director of the Taubman Center for State and Local Government at Harvard University’s John F. Kennedy School, has extensively researched the determinants of city growth. He finds that urban areas thrive when they maintain safe streets, reduce barriers to building, and keep taxes low. Above all, however, Dr. Glaeser has discovered that residents of faster-growing cities are better educated than their counterparts in struggling cities. His research suggests that, of all the forces shaped by policy decision making, education is the most important predictor of urban growth, Manhattan Institute for Policy Research.
February 2006 (Updated) - Rising Above The Gathering Storm - Policy recommendations for U.S. to maintain competitive edge in global economy, includes 10,000 Teachers, 10 Million Minds, and K-12 Science and Mathematics Education, National Academies Committee on Science, Engineering, and Public Policy (For legislative updates, visit the U.S. House of Representatives Science & Technology Committee).
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November 2005 - Income of U.S. Workforce Projected to Decline if Education Doesn't Improve, National Center for Public Policy and Higher Education.
October 2005 - Social Costs of Inadequate Education (Session Papers), Columbia University.
April 2004 - K-12 Education in the U.S. Economy - Links school quality to state financial outlook including labor market, property values and economic vitality, National Education Association.
2004 - Public Schools and Economic Development: What the Research Shows - Establishes a strong connection between the strength of public schools and economic development, KnowledgeWorks Foundation.
September 2003 - Status and Trends in the Education of Blacks, National Center for Education Statistics (Section IV Outcomes of Education)
January 2002 - Out of Balance: An Understanding of How Schools Affect Society and How Society Affects Schools, School performance has not been and cannot be primarily responsible for the nation's economic growth, labor productivity, or income levels, Spencer Foundation.
Early Childhood
Federal Reserve Bank of Minneapolis
Linking Economic Development and Child Care, Cornell University.
October 2005 - Calculating the Return on Investment (ROI): Universal Preschool Education in California, An Investment Letter for Minnesota Philanthropists, Urban Adventure Twin Cities.
Fall 2005 - Many Happy Returns - Early Childhood Programs Entail Costs, but the Paybacks Could Be Substantial, Rand Review.
July 2005 - Calculating the Return on Investment (ROI): High/Scope Perry Pre School Study, An Investment Letter for Minnesota Philanthropists, Urban Adventure Twin Cities.
October 2004 - The New Economics of Preschool, Early Childhood Funders’ Collaborative.
December 2003 - Early Childhood Development: Economic Development with a High Public Return, Federal Reserve Bank Minneapolis.
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