| Author(s): | Alliance for Excellent Education |
| Title: | Education and the economy: Boosting state and national economies by improving high school graduation rates |
| Source: | http://www.all4ed.org/publication_material/Econ... |
| Date: | 2011 |
| Organization: | Alliance for Excellent Education |
| Short Description: | Building on its previous work examining education and the economy, the Alliance for Excellent Education (the Alliance), with generous support from State Farm®, analyzed the economies of all fifty states and the District of Columbia to determine the economic benefits that states could see by improving high school graduation rates. Using a sophisticated economic model developed by Economic Modeling Specialists Inc., an economics firm specializing in socioeconomic impact tools, the Alliance calculated economic projections for each state.
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| Annotation: | Building on its previous work examining education and the economy, the Alliance for Excellent Education (the Alliance), with generous support from State Farm®, analyzed the economies of all fifty states and the District of Columbia to determine the economic benefits that states could see by improving high school graduation rates. Using a sophisticated economic model developed by Economic Modeling Specialists Inc., an economics firm specializing in socioeconomic impact tools, the Alliance calculated economic projections for each state.
To demonstrate the connection between improved educational outcomes and economic gains, the Alliance presents on the following state-by-state profiles (listed below) the economic benefits that would likely occur if half of each state’s nongraduates from the Class of 2010 had graduated with their high school class. These projections estimate the gross increase in important state economic factors such as individual earnings, home and auto sales, job and economic growth, spending and investment, tax revenue, and human capital based on reducing by half the number of local students from the Class of 2010 who failed to graduate on time.
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