TAILIEUCHUNG - K–12 Education in The U.S. Economy

In line with the ongoing fiscal consolidation, government consumption is expected to contract moderately in 2013. There are somewhat better prospects for an earlier recovery of investment. Gross fixed capital formation has been held back by overcapacities and the worsening outlook for GDP. However, with low financing costs in the EU as a whole and good self- financing capacities of non-financial corporations, equipment investment is set to pick up supported by the expected recovery of global demand and restoration of confidence in the EU. This being said, tight credit supply conditions in some Member States. | NEA RESEARCH WORKING PAPER April 2004 K-12 Education in The . Economy Its Impact on Economic Development Earnings and Housing Values nea NATIONAL EDUCATION ASSOCIATION 1 1 Great Public Schools for Every Child NEA RESEARCH WORKING PAPER April 2004 K-12 Education in The . Economy Its Impact on Economic Development Earnings and Housing Values Thomas L. Hungerford Levy Economics Institute Annandale-on-Hudson New York and Robert W. Wassmer California State University Sacramento nea NATIONAL EDUCATION ASSOCIATION Great Public Schools for Every Child The National Education Association is the nation s largest professional employee organization representing million elementary and secondary teachers higher education faculty education support professionals school administrators retired educators and students preparing to become teachers. Complimentary copies of this publication are available in limited numbers from NEA Research for NEA state and local associations and UniServ staff. Call 202-822-7400. Additional copies may be purchased from the NEA Professional Library Distribution Center . Box 2035 Annapolis Junction MD 207012035. Telephone 800-229-4200 for price information. This publication may also be downloaded from . Reproduction No part of this report may be reproduced in any form without permission from NEA Research except by NEA-affiliated associations or NEA members. Any reproduction of the report materials must include the usual credit line and copyright notice. Address communications to Editor NEA Research 1201 16th St. . Washington . 20036-3290. Published April 2004 Copyright 2004 by the National Education Association All Rights .

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