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© Ugur Akinci
Education, a good education delivered by an instructor who loves his or her stuff and has spent years learning and perfecting it, is the best gift we can give to our children. A kid who receives such an education will always do better in life and overall will earn more and live better.
Who says so? Harvard and Columbia. In a multi-year study of 2.5 million students over 20 years, Raj Chetty and John N. Friedman of Harvard and Jonah E. Rockoff of Columbia have found that “the difference in long-term outcome between students who have average teachers and those with poor-performing ones is as significant as the difference between those who have excellent teachers and those with average ones”.
“If you leave a low value-added teacher in your school for 10 years, rather than replacing him with an average teacher, you are hypothetically talking about $2.5 million in lost income,” said Professor Friedman, one of the coauthors.
A fascinating study indeed which quantifies what I’ve believed in for a long time.