Edward Conard

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  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
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  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
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How has the Louisiana Scholarship Program Affected Students? A Comprehensive Summary of Effects after Four Years

J. Wolf, Jonathan N. Mills, Yujie Sude, Heidi H. Erickson and Matthew L. Lee Louisiana Scholarship Program Evaluation Policy Brief School Choice Demonstration Project
Date Posted:
May 1, 2019
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The Louisiana Scholarship Program (LSP) has shown statistically significant negative impacts on student achievement in ELA & math across most years & samples, including the fourth year.

The Louisiana Scholarship Program (LSP) has shown statistically significant negative impacts on student achievement in English Language Arts (ELA) and math across most years and samples, including the fourth year. Initial large negative impacts diminished by Year 2 but remained significant in Year 4. The effects varied based on test alignment with public school curricula, with less negative impacts when using the iLEAP test. African American students experienced less negative impacts compared to non-African American students. Students attending larger, higher-tuition schools with longer days saw more favorable outcomes. College enrollment rates for LSP participants were similar to the control group, with a 0.5 percentage point difference that was not statistically significant. Despite lower test scores, LSP students enrolled in college at comparable rates, suggesting private schools may teach skills not measured by state tests.

"....We determine the impact of LSP voucher use on student achievement by comparing students who received vouchers through randomized lotteries. The LSP was oversubscribed in the first year of the program and used a matching algorithm to allocate open seats in private schools to students. When LSP applicants exceeded the number of seats available in a given school, the program awarded voucher placements to that specific school by lottery. Our analysis focuses on this subset of eligible applicants whose voucher receipt was determined randomly so that any differences in outcomes between LSP awardees and non-awardees can be attributed to the program....We examine how the LSP effects vary over time for two samples of students: a sample restricted to students with baseline test scores (BA) and a larger sample that is not limited to students with baseline test scores (NBA). Our prior research indicates large negative impacts on ELA and math in the first year of participation that appear to diminish somewhat by Year 2 and are not statistically significant by Year 3. Figures 1 and 2 present regression estimates for ELA and math LSP effects for Years 1 through 4 for consistent samples of students in the study. Figure 1 presents results for students in the BA Sample and Figure 2 focuses on students in the larger and broader NBA Sample..... Overall, participating in the LSP had a statistically significant negative impact on student English Language Arts (ELA) and math scores across most years of the evaluation, including the fourth year, and across most samples of students studied.....The achievement impacts of the LSP varied significantly based on the specific criterion-referenced test used and the accountability stakes attached to it. The negative test score impacts of the LSP were half as large in Year 1 when the test taken was the iLEAP, which is less aligned to the public school curriculum, than when it was the LEAP, which is more aligned. The impacts were not statistically significant in the third year of the evaluation, when no accountability stakes were assigned to the test scores......The achievement effects of the LSP varied based on student characteristics. African American students experienced significantly less negative impacts of voucher usage after four years relative to non-African American students......The achievement effects of the LSP varied based on the characteristics of the chosen schools. Students whose most-preferred schools were larger, charged higher tuition, and had longer school days experienced more favorable achievement impacts from participating in the LSP relative to their LSP peers who did not list such schools as their first choice. In some cases, test score impacts were positive and statistically significant for students choosing schools with these characteristics.... The effects of the LSP on college enrollment rates were neutral. Students who participated in the LSP in grades 7-12 starting in the fall of 2012 enrolled in college by 2018 at a rate of 60.0 percent compared to a rate of 59.5% for members of the experimental control group. The difference of 0.5 percentage points between the two groups is not statistically significant. The results were similar for students enrolling in 2-year or 4-year colleges.....Students applying to the LSP were disproportionately African American and low-income, compared to non-applicants. No consistent evidence indicates that the LSP is “cream skimming” or “pushing out” students based on their family social status or initial test scores. However, among LSP applicants, students with disabilities are less likely than students without disabilities to use a voucher initially....Moreover, in spite of scoring lower than their control group peers, especially in math, students who participated in the LSP were accepted to and enrolled in college at a rate that was statistically similar to the students who lost their LSP placement lottery. One possible explanation for those divergent results is that private schools in the LSP are teaching students content and skills that help them get accepted to college but are not measured by the state test....."

Patrick J. Wolf, Jonathan N. Mills, Yujie Sude, Heidi H. Erickson and Matthew L. Lee, "How has the Louisiana Scholarship Program Affected Students? A Comprehensive Summary of Effects after Four Years," Louisiana Scholarship Program Evaluation Policy Brief School Choice Demonstration Project," April 24, 2019, http://www.uaedreform.org/wp-content/uploads/LSP4-Policy-Brief-SCDP.pdf

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Previous articleApril 29, 2019Losing Our Minds: Brain Drain across the United StatesThe Southeast and Rust Belt regions have experienced significant brain drain, losing highly-educated individuals to dynamic states along the Boston-Washington corridor and the West Coast, according to @SWinshi @JointEconCommittee.Next articleMay 3, 2019Equalization or Selection? Reassessing the Meritocratic Power of a College Degree in Intergenerational Income MobilityResearch by @XiangZhou suggests that higher education’s impact on mobility is driven by selection effects, not equalization. Intergenerational income mobility among college graduates is similar to non-graduates once adjusted for selection processes.
Showing 82 database articles primarily about Test Scores

Standardized Test Scores and Academic Performance at a Public University System

Theodore Joyce, Mina Afrouzi Khosroshahi, Sarah Truelsch, Kerstin Gentsch, et al. National Bureau of Economic Research
Date Posted:
March 25, 2026
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SAT scores are known to be better predictors of college and post-college success in Ivy+ universities. By contrast, this study of a public urban university system with 11 colleges shows that for the 2010–2019 cohort, high school GPA strongly dominates SAT scores.

Many of the country’s most selective colleges have returned to requiring the SAT, based on evidence that the test not only predicts student success, but facilitates the identification of qualified applicants from disadvantaged backgrounds. The results from our study of a large public urban university system find the opposite: high school grades are a vastly superior predictor of student academic success than is the SAT. We undertake an exercise with binned scatter plots of six year graduation rates against HSGPA [High School Grade Point Average] stratified by URM [under-represented minority] and whether the student received the maximum Pell grant (Figures 1a and 1b). [Note that SAT is included in the regression so the monotonic linear effect of GDP remains after controlling for SAT score]. We find that URM are less likely to graduate in six years at every level of HSGPA than are non-URM. In contrast, we find no similar difference when we stratify the plot by whether the student received the max Pell grant or not, a strong proxy for a low-income household (Figure 1b). The clear takeaway from the analysis of the 2010-2019 cohorts is the dominance of HSGPA in predicting student academic success. The results are in direct contrast to recent high-profile analyses of students from Ivy-plus colleges that demonstrated the superiority of SAT over HSGPA in predicting not only first-year academic outcomes, but post-college success as well.

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  • Military Officer Quality in the All-Volunteer Force — A sharp and steady decline in the GCT scores of Marine Corps officers occurred btw 1980 and 2014. 96% of this is explained by the widening (and weakening) of…
  • Do Adults Have the Skills They Need to Thrive in a Changing World? — The 2023 OECD Survey of Adult Skills reveals the US has ~ 3 low-scorers for every high-scorer. Germany has nearly 3X as many high-scorers per low-scorer as the…
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The Lost Generation

Jacob Savage Compact Magazine
Date Posted:
December 17, 2025
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Jacob Savage argues that the widespread discrimination against young white men in “high-status” sectors such as media and tech during the 2010s is a key driver of contemporary political dynamics among young men.

Jacob Savage argues that the widespread discrimination against young white men in “high-status” sectors such as media and...
In 2011, the year I moved to Los Angeles, white men were 48% of lower-level TV writers; by 2024, they accounted for just 11.9%. The Atlantic’s editorial staff went from 53% male and 89% white in 2013 to 36% male and 66% white in 2024. White men fell from 39% of tenure-track positions in the humanities at Harvard in 2014 to 18% in 2023. The white men shut out of the culture industries didn’t surge into other high-status fields. At Google, white men went from nearly half the workforce in 2014 to less than a third by 2024—a 34% decline. In 2014, at Amazon, entry-level “professionals”—college graduates just starting out—were 42.3% white male. These were the employees who, if they’d advanced normally over the next decade, would be the mid-level managers of today. But mid-level Amazon managers fell from 55.8% white male in 2014 to just 33.8% in 2024—a decline of nearly 40%. In retrospect, 2014 was the hinge, the year DEI became institutionalized across American life.

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  • Do Adults Have the Skills They Need to Thrive in a Changing World? — The 2023 OECD Survey of Adult Skills reveals the US has ~ 3 low-scorers for every high-scorer. Germany has nearly 3X as many high-scorers per low-scorer as the…
  • Military Officer Quality in the All-Volunteer Force — A sharp and steady decline in the GCT scores of Marine Corps officers occurred btw 1980 and 2014. 96% of this is explained by the widening (and weakening) of…
  • US PISA Results By Subpopulation — Breaking down the 2022 PISA math results by subpopulation, @cremieuxrecueil finds that US Asians and whites topped the charts, scoring on par with top…
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Twelfth-Grade Math and Reading Scores in U.S. Hit New Low

Matt Barnum Wall Street Journal
Date Posted:
September 9, 2025
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New National Assessment of Educational Progress results show the share of American high school seniors who scored basic or above on national tests fell to the lowest level on record: 68% in reading and 55% in math.

American high-school seniors’ scores on major math and reading tests fell to their lowest levels on record, according to results released Tuesday by the U.S. Education Department. Twelfth-graders’ average math score was the worst since the current test began in 2005, and reading was below any point since that assessment started in 1992. The share of 12th-graders who were proficient slid by 2 percentage points between 2019 and 2024—to 35% in reading and 22% in math. The results are from tests that are part of the National Assessment of Educational Progress, administered to tens of thousands of students in early 2024. In reading, two-thirds of seniors could determine the purpose of a persuasive essay, but only one in five was able to draw a conclusion from such an essay, supported by the text. In math, 60% of students deduced the population of an area using information on size and density, while just under half correctly turned a real-world scenario into an algebraic expression.

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  • Do Adults Have the Skills They Need to Thrive in a Changing World? — The 2023 OECD Survey of Adult Skills reveals the US has ~ 3 low-scorers for every high-scorer. Germany has nearly 3X as many high-scorers per low-scorer as the…
  • Many Children Left Behind: The 2024 National Assessment of Educational Progress Results Indicate a Five-Alarm Fire — The 2024 NAEP results show that 40% of fourth graders are “below basic” in reading proficiency, relative to 30% who are “at or above proficient.” 39% of…
  • Have Humans Passed Peak Brain Power? — Citing PISA results @jburnmurdoch notes the share of adults in high income countries who can not “use mathematical reasoning when reviewing and…
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Standardized Test Scores and Academic Performance at Ivy-Plus Colleges

John Friedman, Bruce Sacerdote, Douglas Staiger, and Michele Tine National Bureau of Economic Research
Date Posted:
March 18, 2025
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Students at Ivy-plus colleges whose SAT/ACT scores were at the 99th percentile had 1st-year college GPAs 0.43 points higher than those who had scored at the 75th percentile, while high school GPAs had little predictive power. @John_N_Friedman

We analyze admissions and transcript records for students at multiple Ivy-Plus colleges to study the relationship between standardized (SAT/ACT) test scores, high school GPA, and first-year college grades. Standardized test scores predict academic outcomes with a normalized slope four times greater than that from high school GPA, all conditional on students’ race, gender, and socioeconomic status. Standardized test scores do not underpredict college performance for students from less advantaged backgrounds. Collectively these results suggest that standardized test scores provide important information to measure applicants’ academic preparation that is not available elsewhere in the application file. While some of the raw correlation between these variables relates to students’ demographic characteristics, much remains even when controlling for these variables. In contrast, high school GPA does not predict academic performance nearly as well. We also find no evidence of bias against students from less advantaged backgrounds, as students from such backgrounds do not outperform (and in some cases underperform) other students with the same test score

Related Articles:

  • Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges — .@OppInsights finds that the “Ivy-Plus” (Ivy League, plus UChicago, Duke, MIT, Stanford) admit students from the highest income families scoring in the top 1%…
  • Standardized Test Scores and Academic Performance at Ivy-Plus Colleges — Students at Ivy-Plus colleges with 99th percentile SAT/ACT scores earned a first-year college GPA 0.43 points higher than students who scored at the 75th…
  • Do Adults Have the Skills They Need to Thrive in a Changing World? — The 2023 OECD Survey of Adult Skills reveals the US has ~ 3 low-scorers for every high-scorer. Germany has nearly 3X as many high-scorers per low-scorer as the…
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Can Gifted Education Help Higher-Ability Boys from Disadvantaged Backgrounds?

David Card, Eric Chyn, and Laura Giuliano National Bureau of Economic Research
Date Posted:
February 21, 2025
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Database

Card et al, find that the 25-30 percentage point college enrollment gap between disadvantaged boys and girls with IQs of ~116 closed among students who qualified for a “gifted” program. @EricChyn

We study the effects of being identified as gifted in elementary school on subsequent test scores, courses and grades, and on the probability of entering college, for disadvantaged children in a large urban school district (“the District”). The law specifies a threshold of 130 [IQ] points for non-disadvantaged students, but allows districts to select a lower “Plan B” threshold [116 pts] for FRL and ELL students. The strict IQ threshold for gifted status provides the basis for a regression discontinuity (RD) evaluation of the impacts of being identified as gifted. Figure 6 illustrates how these impacts affect gender gaps by presenting the estimated mean potential outcomes for the complying boys (left side) and complying girls (right side) using an 8-point bandwidth. The estimated college entry rate for male compliers who narrowly miss the gifted threshold is 46%; the 28 ppt treatment effect of passing the threshold raises this to 74%, which equals the rate for female compliers who narrowly miss the threshold - being identified as gifted raises the college entry rate of marginally eligible boys to the same rate as girls.

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  • Skills and Human Capital in the Labor Market — .@ProfDavidDeming and @m_silliman find “the economic return to social skills in the US more than doubled” between the 1980s and the 2000s, and argue for a…
  • Multidimensional Human Capital and the Wage Structure — The return to cognitive skills has declined since 2000 and there has been rising demand for “social skills.” “Jobs with the most employment and earnings growth…
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Covid Learning Losses

David Leonhardt New York Times
Date Posted:
February 12, 2025
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.@DLeonhardt reports a sharp partisan gap in learning loss: 8 of the 10 states with the biggest math declines since 2019 – likely due to prolonged school closures – voted Democratic, while 8 of the 10 smallest shortfalls voted Republican.

Many public schools in heavily Democratic areas stayed closed for almost a year — from the spring of 2020 until the spring of 2021. In some Republican areas, by contrast, schools remained closed for only the spring of 2020. Eight of the 10 states that have lost the most ground since 2019 voted Democratic in recent presidential elections. And eight of the 10 states with the smallest math shortfalls voted Republican. [Higher initial scores don’t] explain the post-pandemic patterns. For example, New Jersey (a blue state) and Utah (a red state) both had high math scores in 2019, but New Jersey has fared much worse since then.

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