Investment. We have bridge and investment and Human Capital this is about maybe some of the things we think of as just spending to help people out. This is about, well maybe some of the things that we think of as just spending to help people out, you know, maybe if they go to low income families they actually might have quite powerful effects on the future. Thats what we will explore here. This is thinking about transfers to low income families and what impact they might have and what does the research say about the impact they have on future Living Standards on growth. So we will invite kristin to come up. Then greg duncan will respond. Then we will have a discussion. Thank you so much. Thank you. Hello. Im kristin butcher. Im going to talk about assessing longrun benefits to transfers to longterm families. We are used to thinking of infrastructure in research or where there are upfront costs. Theres a nice picture of the big dig from my neck of the woods in boston. Looks costly. But
Sara. Okay. Let me get started as everybody is coming in to sit down and make sure first we need to really thank david and carrie have put together a Wonderful Program and theyve been good at nudging people to do what they should on time. I want to just start out with some general comments and then turn to specifics. So first off, education is an excellent investment, both for individuals and for society. I think we can i want to make this case in terms of an efficiency argument. Failure to close the gaps, which are really big and growing in Educational Attainment is likely to both hinder Economic Growth and also increase the burden on tax payers over the long term. I think there are just two big takeaways from this first. Money matters enormously in education, but thats a necessary, not a sufficient condition. Secondly funding really needs to be matched to a commitment to accountability and in the education space innovation. The federal government has a big role here. Okay. That said,