Language seems to affect something in the way we think & make decisions. The ROI of learning a foreign language: http://t.co/r6jegpgCEU— freakonomics (@freakonomics) March 8, 2014
Our latest podcast is called “Is Learning a Foreign Language Really Worth It?”
In the episode you’ll hear from Albert Saiz, an MIT economist who specializes in immigration. In a paper called “Listening to What the World Says: Bilingualism and Earnings in the United States”(abstract; PDF*), Saiz calculated how much learning a foreign language can boost future earnings.
Learning a language is of course not just about making money — and you’ll hear about the other benefits. Research shows that being bilingual improves executive function and memory in kids, and may stall the onset of Alzheimer’s disease.
Bryan Caplan, an economist at George Mason University, talks about how much time the average U.S. student spends learning a language, and how well that learning is retained. (Spoiler alert: not very well!) Caplan also tells us what he really thinks about foreign language education in the U.S.:...
*Review of Economics and Statistics 87, no. 3 (August 2005), pp. 523-538; published by MIT Press Journals. © 2005 President and Fellows of Harvard College and the Massachusetts Institute of Technology.