Tag Archives: Education

Long Run Growth in Real Per Pupil Public Education Spending

Real per pupil education spending for elementary and secondary schools has increased roughly 23X since 1920. While there are many causes for this increase (special ed availability, reduced student teacher ratios, etc) and spending more on education is often a good … Continue reading

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Larry Summers on Economic Possibilities for Our Children – Robots, Inequality, & Government Spending

I came across the lecture Larry Summers gave on the future of the next generation in which he talks about the rise of robots, inequality, government spending and many other interesting issues. Very much worth watching. Here’s a summary of some … Continue reading

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What Would Happen If Charter School Availability Were Expanded Greatly? Part 2

Chris Walters, who I first mentioned in this post, gave his job market talk at Berkeley yesterday. Roughly speaking, his story is that although some of the lottery evidence in Boston suggests that some Charter Schools can substantially increase test scores, … Continue reading

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Inequality, the Allocation of Opportunity, and U.S. Economic Growth

Chang-Tai Hsieh, Erik Hurst, Peter Klenow, and Chad Jones have a recent paper on the allocation of talent and US economic growth in which they measure the macroeconomic consequences of reduced “occupational frictions” faced by women and blacks in the labor … Continue reading

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What Would Happen If Charter School Availability Were Expanded Greatly?

An interesting job market paper from Christopher Walters of MIT: ABSTRACT: Lottery-based instrumental variables estimates show that Boston’s charter schools substantially increase test scores and close racial achievement gaps among their applicants. A key policy question is whether charter expansion … Continue reading

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Quick Takes on Robots, Disability Insurance, Debt Ceiling, & Charts to inform Grand Bargains

1. I still don’t understand why Krugman thinks the invention of “doers” will be bad for high skilled workers. Here’s my reasoning. 2. Ed Glaeser “2013 Is the Year to Go to Work, Not Go on Disability” HT Evan Soltas 3. Foreboding Feeling: Fiscal … Continue reading

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3 Articles from the Sunday NYTimes

1. God Save the British Economy  Each month, the committee heard Posen’s advice. Each month, it voted 8 to 1 against him. The bank eschewed his more expansionary suggestions and stuck to a more conservative approach of keeping interest rates low … Continue reading

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Are We Sending the Best and Brightest to College?

Betsey Stevenson and Justin Wolfers have an interesting column today in Bloomberg View: The real crisis in American higher education is that our best colleges never see a large chunk of our smartest students. In an important recent study, the economists Caroline … Continue reading

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When more states look like Florida, will we spend too little on Education?

The combination of raising healthcare costs (mostly via Medicaid at the state level), pension obligations, lower employment to population ratios and thus tax revenues, balanced budget requirements, state tax competition, the reluctance to raise taxes in general and mobility concerns … Continue reading

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Why Krugman isn’t quite right on Education & the Rise of Robots

In a recent post on the Rise of Robots, Krugman argues that growing capital-biased technical change undermines the need for better education: If this is the wave of the future, it makes nonsense of just about all the conventional wisdom … Continue reading

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