Teachers and Supporters, if you are looking for information to share with friends and colleagues about the value add of a highly trained and skilled teaching professional, and its’ impact on students, check out, “The Long-Term Impacts of Teachers: Teacher Value-Added and Student Outcomes in Adulthood” (Chetty, R. et al, 2011).
In this Working Paper shared by the National Bureau of Economic Research, Chetty, Friedman, and Rockoff (2011), found “1 standard deviation” in teacher content and skill enhancement translates to a “.1 standard deviation in students’ end of the year test scores”.1 Even more interesting, according to the study, is that “Value Add” teachers also enhance the probability of students going to college, finishing college, and offer statistical evidence of increases in students’ long term earning potential.2 (Value Add teachers are those teachers that have participated in course training and professional development programs that lead to the designation of “highly qualified” educators.) The study also notes that students of “Value Add” teachers are statistically less likely to experience teen pregnancy and have better “retirement savings rates”. 3
This study offers evidence as to why the Maryland Council on Economic Education provides high quality teacher professional development and resources to foster economic and financial literacy education. We believe, based on credible research and experience that the more we can provide teachers with the training and resources they need to confidently teach economics and personal finance, the more likely our students are to adopt the skills necessary to become financially savvy consumers both in the near and long term.
To take a look at our upcoming program options, go to our “workshops”, “events” and “classroom resources” page on our website. Of particular note is our 8th Annual Financial Literacy Summit on June 28th, 2016, at the Radisson North Baltimore Hotel. For more information, follow this link: http://www.econed.org/summit/.
1. Chetty, R., Friedman, J. and J.E. Rockoff (Dec. 2011) www.nber.org. The Long-Term Impacts of Teachers: Teacher Value-Added and Student Outcomes in Adulthood. NBER Working Paper No. 17699, December 2011, Revised January 2012, p. 3-4.
2. Ibid, p. 3-4.
3. Ibid, p. 3-4.
Chetty, R., Friedman, J. and J.E. Rockoff (Dec. 2011). www.nber.org. The Long-Term Impacts of Teachers: Teacher Value-Added and Student Outcomes in Adulthood. NBER Working Paper No. 17699, December 2011, Revised January 2012.