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2.57 MB
Extraction Summary
3
People
5
Organizations
1
Locations
3
Events
1
Relationships
3
Quotes
Document Information
Type:
Economic research report / standard & poor's publication
File Size:
2.57 MB
Summary
This document is page 14 of a Standard & Poor's economic research report dated August 5, 2014, discussing the economic impact of income inequality and education in the United States. It analyzes the ROI of college financial aid, historical trends in graduation rates citing researchers Goldin and Katz, and the potential long-term GDP growth from investing in universal preschool. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was included in a document production to the House Oversight Committee, likely as part of a broader investigation into financial institutions.
People (3)
| Name | Role | Context |
|---|---|---|
| Goldin | Researcher/Academic |
Cited for arguments regarding U.S. education history and graduation rates.
|
| Katz | Researcher/Academic |
Cited alongside Goldin for arguments regarding U.S. education history.
|
| Golden | Researcher/Academic |
Typo in document referring to Goldin; noted regarding high school graduation rates plateauing in the 1970s.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Standard & Poor's |
Publisher of the report (indicated by footer URL).
|
|
| College Board |
Source of data regarding the price of a college degree in 2012.
|
|
| OECD |
Organization for Economic Cooperation and Development; used as a benchmark for student literacy.
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|
| The Brookings Institution |
Research group cited regarding the economic impact of universal preschool.
|
|
| House Oversight Committee |
Recipient/Processor of the document (indicated by Bates stamp HOUSE_OVERSIGHT).
|
Timeline (3 events)
Locations (1)
| Location | Context |
|---|---|
|
Primary focus of the economic research.
|
Key Quotes (3)
"Given a college graduate is expected to earn about $30,000 more per year than a high school graduate over the course of their life, the benefits outweigh the costs."Source
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Quote #1
"That educational slowdown is likely the most important reason for increased education wage differentials since 1980 and is a major contributor to income inequality today."Source
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Quote #2
"The Brookings Institution has found that a high-quality universal preschool program, costing about $59 billion, could add $2 trillion in annual U.S. GDP by 2080."Source
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Quote #3
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