D. people in developed countries are happier
C
If you were to come up with a list of organizations whose failures had done the most damage to the American economy (经济) in recent years, you would probably have to start with the Wall Street firms that brought us the financial crisis (金融危机). From there, you might move on to the automakers in Detroit.
But I would suggest that the list should also include a less obvious nominee (被提名者): public education.
At its top level, the American system of higher education may be the best in the world. Yet in terms of its main task — turning teenagers into educated college graduates — much of the system is failing.
The United States does a good job enrolling (招生) teenagers in college, but only half of the students who enroll end up with a bachelor’s degree.
So finding out the causes of the college dropout crisis in the world’s largest economy matters greatly, and a new book called “Crossing the Finish Line” tries to do precisely that. Its authors are economists William Bowen and Michael McPherson, and a doctoral candidate Matthew Chingos. The first problem they discover is something they call under-matching. It refers to students who choose not to attend the best college they can get into. They instead go to a less selective one, perhaps one that is closer to home or less expensive. About half of the low-income students with a grade-point average of at least 3.5 in high school and an SAT score of at least 1,200 do not attend the best college they could have. “I was really astonished by the degree to which well-qualified students from poor families under-matched,” said Mr. Bowen.
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