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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Do Expensive, Exclusive Schools Make a Difference?

By Megan McArdle
Aug 17 2011, 3:52 PM ET Comment

School

Photo by Flickr/Joe Shlabotnik

There's evidence that New York's famed magnet schools--Stuyvesant, Bronx Science, etc--do not improve outcomes for the students who attend them.  If you look at the marginal kids who just barely made the cutoff on the entrance exams, and compare them to the marginal kids who just barely missed getting in, there's little difference.


Of course, it's possible that all the gain is at the top--that while the marginal kids don't benefit much, the best kids benefit a lot.  But honestly, it doesn't strike me as all that likely.  Matt Yglesias has the sharpest summary of the results:

Consider it your daily reminder that when it comes to education, good outcomes are not the same as great teaching. The most reliable way to amass impressive alumni is to screen for impressive freshman. But at the policy level it's more important to identify institutions that are unusually good at helping people learn, not institutions that are unusually good at screening.

This doesn't mean that schools don't matter at all. For starters, there are almost certainly threshhold effects--Stuyvesant is about as good as the sort of high school that the kind of kids who can get into Stuyvesant usually attend.  Most of those kids are probably not coming from the South Bronx.


For another, there are schools that seem to make a difference for poor kids (yes, even when you control for selection effects).  Maybe it's all outliers, but places like KIPP really do seem to be doing something right (as best as I can make out, providing a lot of discipline, and extended school hours).

But it seems eminently possible to me that those threshold effects are something like ceilings--the most gifted kids with the most motivated parents simply don't benefit much from being given an enriched environment.  And it seems perfectly clear to me that we should probably give expensive magnet programs a lot more scrutiny than we usually do.


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