An Economist Got A Genius Grant Today

Today, the MacArthur Foundation, inducted 23 people into the 2010 genius club.

The group included one economist — Emmanuel Saez, who focuses on income and tax policy. He recently published a paper that concluded kindergarten really matters.

Saez and his colleagues determined that having a better kindergarten teacher is correlated with college attendance, home ownership, income at age 27 and even retirement savings. All totaled, the present value of the higher future income meant that great kindergarten teachers are worth 6-figure salaries.

The mean salary for elementary and middle-school teachers is about $40,000 according to data from the Census Bureau.

For more on the work of Saez and his colleagues, see this NYT column from earlier this summer.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: