Tag Archives: Eric Hanushek

Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

The Economic Value of Higher Teacher Quality

Eric Hanushek puts together the numbers on the dollar gain from improved teacher quality in “The Economic Value of Higher Teacher Quality,” forthcoming in the Economics of Education Review. Said simply, students who learn more–earn more. Let me give you a very … Continue reading

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2 Responses to The Economic Value of Higher Teacher Quality

  1. MS says:

    This is genius. Can I use this technique for explaining results to implementation partners, as long as I promise not to use it in econometrics courses?

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Quote from Eric Hanushek

Here’s another great quote from Eric Hanushek. He responds to the question “What is the current relationship between resources and outcomes in education?” Very, very small to negligible. In some places, you put money in and you get results. In … Continue reading

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It’s the money

McKinsey & Company make an interesting computation of how much our mediocre education system costs us. Their estimate (based in part on work by Eric Hanushek and Ludger Woessmann) is that if the U.S. matched the achievement levels of Finland … Continue reading

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Beginning teachers are really lousy on average???

In Profit of Education I wrote “Beginning teachers are really lousy on average.” That’s true, but it’s not very nuanced. Luckily Eric Hanushek read an early draft and gave me a good quote that I worked into a footnote, “A good teacher … Continue reading

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High achieving math students

Here’s breaking news on a study of high achieving math students. The bad news: America doesn’t stack up well to the competition. Eric Hanushek, Paul Peterson, and Ludger Woessmann released a new study late yesterday that does something a little unusual. … Continue reading

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2 Responses to High achieving math students

  1. SJL says:

    I agree with MS about the meaning of “heterogeneous”. In this context, the performance of countries with a very high proportion of foreign-born, such as Australia (26%) and Canada (about 20%) is interesting.

    Back to your key point–we know that the typical elementary teacher in the United States is unqualified to teach math.

  2. MS says:

    Come on, you know what “heterogenous” is code for.

    And this report is extremely upfront in saying that racial or socioeconomic diversity doesn’t explain this problem away. Even restricting the sample to white kids with at least one college educated parent, we still don’t stack up well relative to other countries.

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Performance pay –

Folks have asked me about the importance of raising the overall level of teacher pay versus the importance of distributing pay among teachers according to some kind of performance measure. My answer is that both matter. Having said that, a … Continue reading

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