Ed Economics Essays

Ed Economics Essays-55
Either way, test-based accountability is cost-effective. "Even if accountability costs were 10 times as large as they are, they would still not amount to 1 percent of the cost of public education" (Hoxby).

Either way, test-based accountability is cost-effective. "Even if accountability costs were 10 times as large as they are, they would still not amount to 1 percent of the cost of public education" (Hoxby).

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This is larger than a five-fold increase within a century and a half.

Yet, there are still 124 million children and adolescents not in school.

It’s important to focus on results Education systems that do well prepare children early on, reform continuously, and use information for improvement and accountability.

Information for accountability works, as do high stakes assessment; but so do low stakes assessments.

Globally, we – governments, private sector, families, individuals – spend more than $5.6 trillion a year on education and training.

Countries spend 5 percent of GDP on education or 20 percent of their national budget.

Education employs about five percent of the labor force.

Moreover, private returns to schooling – what individuals receive in the labor market – have been increasing.

Neurogenesis tells us that learning can continue into advanced ages.

The relative costs and benefits to investments in older persons compared to younger persons differs.


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