Quantifying the value of educational attainment on a regional basis

A recent study by Federal Reserve economists from their New York bank finds that a 1 percent change in educational attainment level in a metropolitan region is worth about 2.3% difference in regional economic activity (as measured by gross domestic product).

In Connecticut that's worth about $5 billion per year on a statewide basis. On a regional basis it adds up to $1.8 billion in lower Fairfield County and $1.6 billion in greater Hartford.