This thread seems to have few comments on the article and several on the title. It's not an HN survey, it's an article regarding a research paper [1]. IMO -- this kind of data could/should benefit teachers and researchers who want to argue that their benefit to society isn't reflected in the existing high school/undergrad/graduate metrics. Instead of paying teachers/researchers the wage that reflects an equilibrium b…
This is an impoverished view of the value of education (from the paper you linked): "We calculate the social product of teaching as the impact of an additional year of schooling on aggregate earnings of all workers in the economy. The spillover from teaching is then this social product less the annual earnings of all teachers."