What We’re Watching: Good Teachers Boost Students’ Future Pay
Harvard professor John Friedman talks with the Wall Street Journal about the study he did (with Raj Chetty and Jonah Rockoff) on the effects a high-value-added teacher can have on students’ future earnings.
A reader-friendly version of the study, “Great Teaching: Measuring its effects on students’ future earnings,” by Friedman, Chetty and Rockoff, appears in the Summer 2012 edition of Education Next.
Because the study generated a great deal of attention, Education Next asked four experts to comment on the study’s implications for public policy. Here are their responses:
Low-Performing Teachers Have High Costs - By Eric A. Hanushek
Profound Implications for State Policy - By Chris Cerf and Peter Shulman
More Evidence Would Be Welcome - By Dale Ballou
Implications for Policy Are Not So Clear - By Douglas Harris
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Key data point from the Cerf and Shulman link:
“.. and students assigned to such high value-added teachers are more likely to go to college, earn higher incomes, and less likely to be teenage mothers. On average, having such a teacher for one year raises a child’s cumulative lifetime income by $50,000 (equivalent to $9,000 in present value at age 12 with a 5% interest rate).”
Over a LIFETIME. That’s all? I wonder, how many other variables might happen in a child’s life that might account for far more or less, income earnings?
Bueller?