Sofoklis Goulas

Economist

Sofoklis Goulas

Economist

Blog Post

Twelve facts about the economics of education

This paper examines the economics of education in the United States, highlighting twelve
key facts that illustrate the pivotal role of education in empowering individuals and driving
economic progress. It underscores the persistent racial and economic disparities in educational
achievement and attainment, particularly exacerbated by the COVID-19 pandemic. The analysis
reveals significant gaps in high school graduation rates and college completion among different
racial groups, while also noting the rising trend in online higher education. The paper discusses
the role of charter schools and the variability in their performance, emphasizing the need for
evidence-based innovation in public education. It also addresses the fluctuating investments in
education technology and research. Finally, it advocates for sustained funding to drive long-term
improvements in educational outcomes.