The mer­its of on-the-job train­ing vs. a for­mal education

There’s a long-run­ning de­bate over what mat­ters more—for­mal learn­ing or learn­ing on the job. On math tests, Amer­i­can teens per­form worse than Danes, Lat­vians, and Kore­ans. But how much does that mat­ter?

Bloomberg Businessweek (North America) - - Contents -

So ar­gues Joseph Stiglitz, a No­bel-win­ning econ­o­mist at Columbia. He says so­ci­eties need to em­pha­size life­long learn­ing, not just school.

“I am wor­ried, per­son­ally, that we’re go­ing to have to rely on the skills of our peo­ple in the fu­ture.” ——Eric Hanushek, Hoover In­sti­tu­tion, co-au­thor of the Sci­ence ar­ti­cle

An ar­ti­cle in the Jan. 22 is­sue of the jour­nal Sci­ence finds that for­mal education does lift growth—as long as stu­dents re­ally learn some­thing. The mis­take is to fo­cus on years of school­ing.

More school­ing Here’s where you see the pay­off from school: Sin­ga­pore makes the point: It has very high test scores and very high eco­nomic growth per capita In con­trast, the U.S. has pretty good growth even though its re­sults on in­ter­na­tional...

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