A Matter of Degrees: The Effect of Educational Attainment on Regional Economic Prosperity, Ross DeVol, I-Ling Shen, Armen Bedroussian and Nan Zhang. February 27, 2013
“When it comes to education, a rising tide really does lift all boats. That’s one of the conclusions of this sweeping research report. Ross DeVol, chief research officer and one of the report authors, explains: “Our research makes a compelling case that for America’s communities, the returns to investment from higher education have never been greater. We pinpoint the value regional economies gain by adding better-educated workers and show that, as those around you obtain more education, their wages rise and yours do, too.” While it’s intuitive that an educated population, good jobs, and prosperity go hand-in-hand, this study proves the strong relationship between education and a region’s economic performance. Institute economists created a unique data set linking educational attainment and occupational trends over time and by region. The report and the accompanying data site not only provide a blueprint for policy makers and leaders to boost education: they can help career seekers figure out where they can get the most bang from their educational buck.”
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