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    The Cost of Economic and Racial Injustice In Postsecondary Education

    Cover for The Cost of Economic and Racial Injustice In Postsecondary Education
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    View/Open: cew-the-cost-of-economic-and-racial-injustice.pdf (2.6MB) Bookview

    Creator
    Carnevale, Anthony P.
    Peltier Campbell, Kathryn
    Cheah, Ban
    Fasules, Megan L.
    Gulish, Artem
    Quinn, Michael C.
    Sablan, Jenna R.
    Smith, Nicole
    Strohl, Jeff
    Barrese, Sarah
    Abstract
    In partnership with the Postsecondary Value Commission, we conducted a thought experiment on the costs of inequality in the US education system. Our simulation found that the US economy misses out on $956 billion dollars per year, along with numerous nonmonetary benefits, as a result of postsecondary attainment gaps by economic status and race/ethnicity. The Cost of Economic and Racial Injustice in Postsecondary Education finds that closing these gaps would require an initial public investment of at least $3.97 trillion , but the benefits would outweigh the costs over time. Equalizing educational attainment without increasing student debt for low-income adults could also boost GDP by a total of $764 billion annually.
    Permanent Link
    http://hdl.handle.net/10822/1062944
    Date Published
    2021
    Publisher
    Georgetown University Center on Education and the Workforce
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    • Reports by CEW
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      Carnevale, Anthony; Strohl, Jeff; Gulish, Artem; Van Der Werf, Martin; Peltier Campbell, Kathryn (Georgetown University Center on Education and the Workforce, 2019)
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    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility