The Boyd Center conducts research on behalf of multiple public entities to reveal key insights about the economy in Tennessee and across the nation, as well as the efficacy of public programs. Our research has appeared in publications such as The Economist, The Wall Street Journal, The New York Times, The Washington Post and The Tennessean.
Use the search field below to find Boyd Center for Business and Economic Research publications by title, author, or date of publication.
Part II: Economic Benefits of Postsecondary Credentials. Incremental Earnings and Revenues Upon Drive to 55 Achievement
Publication Date: May 1, 2016
This report expands on our previous analysis by using forecasts of the share of higher educational attainment growth needed in each county for Tennessee as a whole to reach the Drive to 55 goal in 2025. Assuming the attainment goals are met, the analysis projects the additional income to workers living in each county. The economic value of postsecondary education within the state of Tennessee is seen in both higher earning potential for county residents and higher tax revenues for state and local governments. Achieving increased educational attainment levels in Tennessee counties is vital to preparing a region’s workforce for future employer demands.
Economic Benefits of Postsecondary Credentials. Incremental Earnings and Revenues Upon Drive to 55 Achievement
Publication Date: February 1, 2016
This report follows a similar methodology to a recent Brookings Institution article, which measures the economic benefits of higher education to communities across the nation. On average, individuals with every type of postsecondary credential earn more than individuals with a high school degree. The higher income potential of Tennessee’s workforce will in turn propel higher levels of spending and savings; increased consumption of goods and services will generate new tax revenues for state and local governments. This report projects the number of additional degrees that Tennessee’s population needs to earn to reach the Drive to 55 goal by 2025. Assuming the attainment goal is met, the analysis then projects increases in earnings and consumption of new certificate and degree holders in Tennessee’s workforce in 2025, above levels that would have been reached without a postsecondary education.
Publication Date: July 1, 2015
The Basic Education Program 2.0 (BEP) outlines the funding formula used to allocate state education dollars to Tennessee’s k-12 schools. This formula compares a locality’s average tax rate to its tax use to calculate a percentage reflecting its ability to generate revenue from its own base to cover educational resource needs.
Academic Program Supply and Occupational Demand Projections: 2012–2025
Publication Date: January 1, 2014
The research presented here is an updated and revised analysis of Academic Program Supply and Occupational Demand Projections for the state of Tennessee that was initially released in 2010. The estimates were prepared by The University of Tennessee's Center for Business and Economic Research in cooperation with the Tennessee Higher Education Commission and the Tennessee Department of Labor and Workforce Development. The revised estimates use historical data from 2000-2011 and offer projections of academic awards for various instructional programs and disciplines for Tennessee's public, private for-profit and private non-profit postsecondary institutions through 2025.