The Cost of Economic and Racial Injustice In Postsecondary Education
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/10822/1062944Date Published
2021Publisher
Georgetown University Center on Education and the Workforce
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