Dr. Phil Pepper State Economist Assistant Commissioner of Research and Planning www.mississippi.edu/initiative SYSTEM STRATEGIC INITIATIVE SUMMIT.

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Presentation transcript:

Dr. Phil Pepper State Economist Assistant Commissioner of Research and Planning SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: U.S. Census, American Community Survey SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: U.S. Census, American Community Survey SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: U.S. Census, American Community Survey SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: Current Population Survey, March SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: Calculated for 2000 Census and US Department of Justice Data SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: U.S. Census, American Community Survey SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: Calculations based on 2005 Annual Median Earnings, Education and Other Costs SYSTEM STRATEGIC INITIATIVE SUMMIT

Source: Calculations based on education costs and 45 years of lifetime work SYSTEM STRATEGIC INITIATIVE SUMMIT

Annual Baccalaureate Degrees Awarded as a Percent of Population Ages 22-55, 3 Year Average Source: Calculations by IHL based on National Center for Education Statistics SYSTEM STRATEGIC INITIATIVE SUMMIT

Education Pipeline Kindergarten 9 th Grade 12 th Grade H.S. Diploma MS 2 Yr Colleges MS 4 Yr Colleges and Universities Workforce or School Out-of-State Out-of-State Students and Non-Recent H.S. Graduates Graduate with Bachelor’s Degree Leave the State Bachelor’s Degrees in MS Raising Education Attainment SYSTEM STRATEGIC INITIATIVE SUMMIT

Increase in Population with a Bachelor’s Degree New Ranking among States in Annual Degrees Per Capita (42 in 2006) Additional Income Generated Additional Sales and Income Tax Generated Reduced Medicaid and Incarcerations Costs Net Returns To The State from Increased Education Level Increase in Employment Through Higher Workforce Participation Effects in YR 2020 Cumulative Effects ,633 9 $173,517,698 $11,195,282 $3,826,316 $15,021,316 2,447 54,790 $1,105,104,262 $71,345,124 $24,417,949 $95,763,073 15,627 4 YR College Graduation Rates Baseline 52.0% US Average 55.7% Goal60.0% K-12 Graduation Rates % of 9 th Graders Obtaining Diploma Baseline 60.0% US Average 64.0% Goal80.0% 4 YR College Enrollment Recent MS H.S. Graduates Baseline 21.0% US Average 35.7% Goal30.0% 2 YR College Transfers Baseline 20.5% US Average ?? Goal40.0% Other Transfers 1% Per Yr SYSTEM STRATEGIC INITIATIVE SUMMIT

Investing in Education Source: Calculations by IHL based on Appropriations data for SYSTEM STRATEGIC INITIATIVE SUMMIT