Some 65% of socio-economically advantaged students reported that they know well or have often heard of the concept of quadratic function, on average across OECD countries; but only 43% of disadvantaged students so reported. On average across OECD countries, the 20% of students who are most...

"In the presence of infrequent but observable structural breaks, we show that a model in which the representative agent is on a rational learning path concerning the real consumption growth process can generate high equity premia and low risk-free interest rates. In fact, when the model is...

Volume III of PISA 2009 results examines 15-year-olds’ motivation, their engagement with reading and their use of effective learning strategies. The book opens with an introduction to PISA and a reader's guide to help user's understand the findings. Chapter 1 examines how engaging in reading...