It’s hard to overestimate the value of a good teacher

Nicholas Kristof:

Our faltering education system may be the most important threat to our economy and well-being, writes Nicholas D. Kristof, so it’s frustrating that the presidential campaign is mostly ignoring the issue. The obvious policy solution is more pay for good teachers, more dismissals for weak teachers.
Suppose your child is about to enter the fourth grade and has been assigned to an excellent teacher. Then the teacher decides to quit. What should you do?
The correct answer? Panic!
Well, not exactly. But a landmark new research paper underscores that the difference between a strong teacher and a weak teacher lasts a lifetime. Having a good fourth-grade teacher makes a student 1.25 percent more likely to go to college, the research suggests, and 1.25 percent less likely to get pregnant as a teenager. Each of the students will go on as an adult to earn, on average, $25,000 more over a lifetime — or about $700,000 in gains for an average size class — all attributable to that ace teacher back in the fourth grade. That’s right: A great teacher is worth hundreds of thousands of dollars to each year’s students, just in the extra income they will earn