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Acknowledgments vii
1 The Education Attainment Gap: Who's Affected, How Much, and Why It Matters 1
Clive R. Belfield and Henry M Levin
PART ONE
Assessing the Scope of the Challenge
2 Beyond Educational Attainment: A Multifaceted Approach to Examining Economic Inequalities 21
Richard Rothstein and Tamara Wilder
3 Diversity and the Demographic Dividend:
Achieving Educational Equity in an Aging White Society 48
Marta Tienda and Sigal Alon
4 Implications of Educational Inequality in a Global Economy 74
Thomas Bailey
PART TWO
QuantifYing the Costs of Inadequate Education
5 Consequences for the Labor Market
Cecilia Elena Rouse
6 Consequences in Health Status and Costs 99
Peter Muennig
7 Crime and the Costs of Criminal Justice 125
Enrico Moretti
8 Welfare and the Costs of Public Assistance 142
Jane Waldfogel, Irwin Garfinkel, and Brendan Kelly
PART THREE
Directions for Reform
9 Educational Interventions to Raise High School Graduation Rates 177
Henry M Levin and Clive R. Belfield
10 The Promise of Early Childhood Education Interventions 200
Clive R. Belfield
11 Toward Excellence with Equity: The Role of Parenting and Transformative School Reform 225
Ronald F Ferguson
12 The Need for Comprehensive Educational Equity 255
Michael A. Rebell
Contributors 265
Index 267
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While the high cost of education draws headlines, the cost of not educating America's children goes largely ignored. The Price We Pay remedies this oversight by highlighting the private and public costs of inadequate education. In this volume, leading scholars from a broad range of fieldsincluding economics, education, demography, and public healthattach hard numbers to the relationship between educational attainment and such critical indicators as income, health, crime, dependence on public assistance, and political participation. They explore policy interventions that could boost the education system's performance and explain why demographic trends make the challenge of educating our youth so urgent today. Improving educational outcomes for at-risk youth is more than a noble goal. It is an investment with the potential to yield benefits that far outstrip its costs. The Price We Pay provides the tools readers need to analyze both sides of the balance sheet and make informed decisions about which policies will pay off. Contributors include Thomas Bailey (Teachers College, Columbia University), Ronald F. Ferguson (Harvard University), Irwin Garfinkel (Columbia University), Jane Junn (Rutgers University), Brendan Kelly (Columbia University), Enrico Moretti (UCLA), Peter Muennig (Columbia University), Michael Rebell (Teachers College, Columbia University), Richard Rothstein (Teachers College, Columbia University), Cecilia E. Rouse (Princeton University), Marta Tienda (Princeton University), Jane Waldfogel (Columbia University), and Tamara Wilder (Teachers College, Columbia University).
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