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The Importance of Common Metrics for Advancing Social Science Theory and Research: A Workshop Summary
  http://www.nap.edu/catalog/13034.html

            40                           THE IMPORTANCE OF COMMON METRICS

            completion rates differ so much from one another is that they differ with
            respect to what they are trying to accomplish.
               Economists or business leaders may be interested in characterizing the
            level of human capital in a population or in a region. For this purpose,
            the timing of high school completion (how long ago or at what age people
            completed high school) is not important. According to Warren, dropout
            status or completion rates computed from cross-sectional sample surveys
            are best suited to describing levels of human capital in a population. Be-
            cause the goal is to describe the share of all individuals who have obtained
            a credential, it is important to use data that include people who may have
            gotten those credentials from any number of places: public schools, private
            schools, GED programs, community colleges, adult education programs,
            prisons,  or  the  Internet.  Administrative  data  alone  are  not  sufficient  for
            measuring the percentage of people in the population who fall into a par-
            ticular status group.
               Education policy makers may instead focus on quantifying school per-
            formance in evaluating schools (within a school district or against national
            standards)  with  respect  to  their  “holding  power.”  How  well  do  schools
            move young people from the first day of high school through to successful
            high school completion?
               Both the timing of high school completion and the manner in which
            students complete high school are necessary factors to consider. Schools
            may be deemed successful at moving young people through to completion
            of high school only if they grant regular high school diplomas within four
            years.
               Researchers may be more interested in characterizing students’ experi-
            ences in navigating through educational institutions, or in predicting the
            likelihood of dropping out, or in modeling the consequences of dropping
            out. These measures are designed to describe characteristics of students or
            groups of students rather than a school’s attributes.


                             Technical Differences in Measures
               Another reason that high school dropout and completion rates differ
            involves technical differences in how they are constructed. This is true even
            when comparing measures that are intended for the same purpose. All high
            school completion and dropout rates are based on a ratio with a numera-
            tor and a denominator: the numerator is the number of high school com-
            pleters or dropouts, and the denominator is the number of people at risk of
            completing or dropping out. But even when measuring the same concept,
            there are frequently differences with respect to who has been counted as a
            completer or a dropout in the numerator and who is at risk of being in one
            of those statuses in the denominator.







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