Money counts, but so does timing: public investment and adult competencies

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Author: Cathles, Alison; Ritzen, Jozef M.


Numeracy skills of adults within and across 12 different countries in 2011 are strongly associated with the accumulated public investments in education received by these adults during their schooling. This paper confirms existing evidence that the timing of educational investments is important, with early investments playing the most fundamental role. Investment in primary education is associated with higher numeracy scores for those who went on to continue their education. Higher investments in tertiary education are needed in order to fully realize the benefit of the investments in...  [+] Show more

Subjects: Finance; Skills and knowledge; Numeracy; Outcomes; Teaching and learning; Economics; Research

Keywords: OECD country; Investment; Education; Educational expenditure; Government expenditure; Human capital; Return on education and training; Cognitive abilities; Competence; Skill development; Economic development; Comparative analysis

Published: Bonn, Germany: IZA, 2017

Physical description: 36 p.

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Series: IZA discussion paper; no. 10565

Statement of responsibility: Alison Cathles, Jo Ritzen

Resource type: Discussion paper

Call number: TD/TNC 127.981

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