Shifting the bell curve: The benefits and costs of raising student achievement
Stuart S. Yeh
Evaluation and Program Planning, 2009, vol. 32, issue 1, 74-82
Abstract:
Benefit-cost analysis was conducted to estimate the increase in earnings, increased tax revenues, value of less crime, and reductions in welfare costs attributable to nationwide implementation of rapid assessment, a promising intervention for raising student achievement in math and reading. Results suggest that social benefits would exceed total social costs by a ratio of 28. Fiscal benefits to the federal government would exceed costs to the federal treasury by a ratio of 93. Social benefits would exceed costs to each state treasury by a ratio no lower than 286, and fiscal benefits would exceed costs to each state treasury by a ratio no lower than 5, for all but two state treasuries. Sensitivity analyses suggest that the findings are robust to a 5-fold change in the underlying parameters.
Keywords: Cost-benefit; analysis; Educational; finance; Mathematics; Reading; Economics; of; education; Evaluation; Educational; productivity (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eee:epplan:v:32:y:2009:i:1:p:74-82
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