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ERIC Number: ED612642
Record Type: Non-Journal
Publication Date: 2021-May
Pages: 18
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-
EISSN: N/A
The Monetary Value of Economic and Racial Justice in Postsecondary Education: Quantifying the Potential for Public Good. Executive Summary
Carnevale, Anthony P.; Campbell, Kathryn Peltier; Cheah, Ban; Fasules, Megan L.; Gulish, Artem; Quinn, Michael C.; Sablan, Jenna R.; Smith, Nicole; Strohl, Jeff; Barrese, Sarah
Postsecondary Value Commission
Many Americans would agree that all people should have equal educational opportunity and equal pay for equal work. And yet, inequality in postsecondary education access, college completion, and post-college outcomes such as wages stubbornly persists, along with the impression that achieving equal outcomes would be too expensive and would take too much time to accomplish. A thought experiment that the authors conducted in partnership with the Postsecondary Value Commission demonstrates that equality in postsecondary education would have considerable value to society. While equalizing educational attainment would be costly and time-intensive, balancing the costs with the potential societal benefits shows that an investment in postsecondary equality is money well spent. The top-line finding of the analysis is that equalizing postsecondary educational attainment by economic status and race/ethnicity would require an initial public investment of $3.97 trillion. The fiscal case for the societal value of economic and racial/ethnic justice in postsecondary education is even stronger today than it was before COVID-19 devastated American life. As higher education is forced to rethink its business model, it has the opportunity to more fully realize the potential of educational equity and recommit to enhancing the public good. Racial and economic justice need to be central goals, not secondary concerns or politically correct conceits unsupported by action, as postsecondary institutions reinvent themselves for the current era. [For the full report, see ED612641.]
Postsecondary Value Commission. Available from: Bill & Melinda Gates Foundation. e-mail: ValueCommission@IHEP.org; Website: https://www.postsecondaryvalue.org/
Publication Type: Reports - Descriptive
Education Level: Postsecondary Education
Audience: N/A
Language: English
Sponsor: Institute for Higher Education Policy (IHEP)
Authoring Institution: Postsecondary Value Commission
Grant or Contract Numbers: N/A