Category Archives: Economic development

Kalamazoo Promise boosts college completion by one-third

In a paper released on June 25, 2015, the Kalamazoo Promise college scholarship program is estimated to increase college completion by one-third.  The college completion effects of the Promise would be expected to significantly increase future earnings. Based on predicted … Continue reading

Posted in Distribution of benefits, Economic development | 1 Comment

Increasing educational performance and reducing educational disparities is more feasible if pursued through high-productivity interventions, including but not limited to early childhood education

On May 27, 2015, the Upjohn Institute released a report on Michigan’s school finance system and how to reform it to improve student performance in Michigan, and lessen disparities among children in various income groups.  The lead author of the … Continue reading

Posted in Distribution of benefits, Early childhood program design issues, Economic development

The importance of neighborhoods for child development

On Monday, May 4, the New York Times gave prominent coverage to two recent papers that provide strong evidence that better neighborhoods or local areas for young children make a large difference in increasing future adult earnings and income for … Continue reading

Posted in Distribution of benefits, Early childhood program design issues, Economic development

The challenges posed by “short-termism” in corporate decision-making, and what it implies for policies to promote broader prosperity

Professor William Lazonick of the University of Massachusetts Lowell has a provocative recent paper, written for the Institute for New Economic Thinking, outlining his views on how some of the adverse trends in income inequality in the U.S. are due … Continue reading

Posted in Business incentives, Economic development

What are the best paths to prosperity for localities and the nation?

I have a new paper published that bears on the following important issue: when will local economic development incentives – various types of customized tax breaks or services to individual businesses – be most effective in helping improve economic well-being? … Continue reading

Posted in Business incentives, Economic development, Local variation in benefits, National vs. state vs. local, Timing of benefits

Early childhood education is a good we know how to do

In my new book, From Preschool to Prosperity, I put early childhood education in the context of other efforts to increase high-wage employment. Early childhood education is by no means the only policy needed as part of a comprehensive strategy … Continue reading

Posted in Economic development

Why early childhood education now?

As argued in my new book, From Preschool to Prosperity, expanded early childhood education represents a continuation of the American historical tradition of promoting economic opportunity and growth via expanded education. But why is there a need for early childhood … Continue reading

Posted in Economic development