"If an elementary school student has an excellent teacher even for a single year, it boosts their income by an average of about 2 percent per year. To put that in perspective, if we can find a way to raise gross domestic product (GDP) by 2 percent, you’re talking about nearly ending the Great Recession every year. By economic standards, it’s a huge deal."
Raj Chetty, professor of economics at Harvard’s Faculty of Arts and Sciences and a co-author of the study with Harvard Kennedy School’s John Friedman and Columbia Business School’s Jonah Rockoff. (Harvard Gazette)
(Source: brooklynmutt, via myownbody)
