Background: In recent years, there has been generalized concern in all countries about increasing the younger population's level of financial literacy. However, there is still little evidence on the key factors explaining financial literacy, as the existing literature is inconclusive about this issue. This paper focuses on exploring whether…

This paper describes the effects of workers' investments in their own education in light of the complementarity the Acemoglu (1997) and Redding (1996) showed to exist between R&D and education investments. Despite the different investment efforts that economies pour into their economies, many developing, and least developed countries are…

We analyze the diminishing correlations between education expenditure and learning outcomes to address two fundamental questions: Do education systems with different levels of education spending have different student achievement levels? If so, at what amount of education spending does the relationship between increased expenditure and student…

Finland has been widely regarded as one of the most successful education systems in the world. However, recent trends suggest that Finland's considerable achievements may be at risk. The country's performance in international student assessments has been declining over the past decade, as gaps among student groups and levels of school segregation…

This article explores the contribution of higher education to the development of numeracy and literacy competencies. To control for other post-schooling determinants of generic skills, the analysis is confined to adults aged 20-24 years who have completed or who are enrolled in tertiary studies. The quality of incoming students is controlled for…

The Internet has become indispensable to education throughout the world. Despite the growing importance of the Internet, a gap in digital skills and usage according to socioeconomic status--known as the digital divide or digital learning inequality--exists in many countries. Comparative research has focused mainly on the digital divide among…

This study examined the relationship between educational resources and student performance in mathematics and science on the Program for International Student Achievement (PISA). Many countries face educational inequality and achievement gaps between high performing and low performing students. The resources invested in education determine--to a…

Self-reports are an indispensable source of information in education research but they are often affected by heterogeneity in reporting behavior. Failing to correct for this heterogeneity can lead to invalid comparisons across groups. The researchers use the parametric anchoring vignette method to correct for cross-country incomparability of…

This handbook updates the general descriptions for the indicators of the Pan-Canadian Education Indicators Program (PCEIP) as new sets of tables are released. It is a reference document that gives readers a broad understanding of each indicator, rather than the very specific methodological descriptions that would be necessary to reproduce the…

Purpose: In recent years, private tutoring has become increasingly prevalent in China and has become both a dominant way for students to learn after school and a major component of family educational expenditure. This paper aims to analyze the factors that affect Chinese students' participation in private tutoring and the effectiveness of private…

Recent policy suggestions from the European Community underlined the importance of "efficiency" and "equity" in the provision of education while, at the same time, the European countries are required to provide their educational services by minimizing the amount of public money devoted to them. In this article, an empirical…

This report provides an overview of key policy developments in education, training, and employment in Algeria. The paper contains sections that review the country's key demographic and economic characteristics; education and training trends, challenges, policy and institutional setting; and labour market and employment trends, challenges, policy…

This report provides an overview of key policy developments in education, training, and employment in Georgia. The paper contains sections that review the country's key demographic and economic characteristics; education and training trends, challenges, policy, and institutional setting; and labour market and employment trends, challenges, policy,…

This report provides an overview of key policy developments in education, training, and employment in Lebanon. It contains sections that review the country's key demographic and economic characteristics; education and training trends, challenges, policy and institutional setting; and labour market and employment trends, challenges, policy and…

This report provides an overview and discussion of the past decade of academic evidence on the causal effects of resources in schooling on students' outcomes. Early evidence lacked good strategies for estimating the effects of schools resources, leading many people to conclude that spending more on schools had no effect. More recent evidence using…