Why Our Community Needs Preschool Advantage
The True Cost of High School Drop Outs
By HENRY M. LEVIN and CECILIA E. ROUSE
(This op-ed piece appeared in print on January 26, 2012 of The New York Times. Read an excerpt below, and click here to read the complete article.)
“In 1970, the United States had the world’s highest rate of high school and college graduation. Today, according to the Organization for Economic Cooperation and Development, we’ve slipped to No. 21 in high school completion and No. 15 in college completion, as other countries surpassed us in the quality of their primary and secondary education… Proven educational strategies to increase high school completion, like high-quality preschool, provide returns to the taxpayer that are as much as three and a half times their cost. Investing our public dollars wisely to reduce the number of high school dropouts must be a central part of any strategy to raise long-run economic growth, reduce inequality and return fiscal health to our federal, state and local governments.”
Henry M. Levin is a professor of economics and education at Teachers College, Columbia University. Cecilia E. Rouse, a professor of economics and public affairs at Princeton University, was a member of President Obama’s Council of Economic Advisers from 2009 to 2011.