Reading this, two comments occur to me immediately:
Is there a simple explanation of how they estimated the "teacher quality" variable? The paper is written in a very complicated and abstruse way, and I don't have time to wade through it, but surely the basic idea, if valid, should be explicable in a paragraph of plain English.
Even if we take the findings of the paper at face value, the "$100 trillion" estimate is a complete non sequitur. Can the entire effect really be purely because better teachers impart greater wealth-producing skills? Or could it be, at least partly, because they impart advantages in zero-sum signaling and rent-seeking games?
1. Is there a simple explanation of how they estimated the "teacher quality" variable? The paper is written in a very complicated and abstruse way, and I don't have time to wade through it, but surely the basic idea, if valid, should be explicable in a paragraph of plain English.
One of the main points of the paper is that typical measures (teacher experience, education, etc.) are not good predictors of quality. The authors spend a lot of time developing a phenomenological model of teacher quality based on comparing student achievement within a...
Post by fellow LW reader Razib Khan, who many here probably know from the gnxp site or perhaps from his debate with Eliezer.