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Investing in education best way for states to boost economic productivity, report finds

Posted August 22, 2013 in Press Releases

Over the last 30 years, median wages have fallen in Ohio as growth in our education levels has not kept up with other states. This paper finds a clear and strong correlation between the educational attainment of a state's workforce and median wages in the state, providing more evidence that Ohio should invest in education.

Analysis shows no relationship between tax rates and strong state economy

States that invest in a well-educated workforce will see returns in higher-wage jobs and a more productive economy, according to a paper released today by the Economic Analysis and Research Network.

The report, “Education Investment is Key to State Prosperity,” found a strong link between educational attainment in a state and both productivity and median wages. Expanding access to high-quality education will create more economic opportunity for residents and do more to strengthen a state’s economy than anything else a state can do, study authors found.

“States have fewer tools to build a strong economy than the federal government does, but states do play a major role in education