Education people think, of course we have bridges and education that are both Human Capital. 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 long run 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 maybe longterm benefits in terms of capacity or helpin
Now were going to talk about education, which is at least more commonly thought of as investment in Human Capital and shouldnt be as controversial and something well hear a lot about politically in coming months and years. We welcome sarah turner who has written paper which is posted on our website, university of virginia. Thank you very much. Sarah . Okay, let me get started. As everyone is coming in to sit down. First, we need to thank david and louise and kerry who just together a Wonderful Program and theyve been good at nudging various people to do what they should on time. So i want to just start out with general comment and turn to specifics. 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. Okay. Failure to close the gaps which are really big and growing in Educational Attainment is likely to both hinder Economic Growth and increase the burden on taxpayers over the l