Educational
Needs Index . . .
As
states transition into an economic era in which their
fortunes will be determined by the education and skill
levels of their citizens, policymakers must remain
diligent in their commitment to creating policies
that promote the expansion of human capital. Given
the strong correlation between educational attainment
and the transmission of social/economic status, education
is increasingly cited as a prime determinant of economic
well-being. In order for states to compete in the
human capital economy, they must raise both the knowledge
and skill levels of their citizenry.
Through
a focus on the benefits of education, this study demonstrates
the causal link between educational attainment and
social welfare at the county level in each of the
16 member states of the Southern Governors’
Association. The Educational Needs Index includes
16 county-level variables that directly impact participation
rates in postsecondary education, educational attainment
levels, employment patterns, and socioeconomic status.
The Index combines various statewide educational,
demographic, and economic characteristics and allows
for comparisons across all of the respective counties
in the region.
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