What Is TEF?
TEF is a bold new economic idea. Its central principle is simple and powerful: Investing in education pays — always. But now more than ever. TEF Integrates Tax structures, Economic development policies, and Funding for public education into one inseparable concept. It places investment in public education at center stage of the economic development debate. It is grounded in human capital theory in economics, and it is based on empirical analysis of 30 years of TEF data in all 50 states.
Read more in TEF Series, Volume 1: What Is TEF? (November 2006) (PDF, 2pp).