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measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population … and the corresponding mean years of schooling (representing the quantity of education). In contrast to the existing … elasticity of the stock of human capital with respect to the quality of education is three to four times larger than for the …
Persistent link: https://www.econbiz.de/10013202470
spend comparatively few years in formal education, and the quality of the education they receive is lower than in other OECD … countries. This paper discusses the performance of education services up to the upper secondary level. It assesses both the … efficiency (outcome for money invested) and the equity of the system and shows that the education system has to be improved …
Persistent link: https://www.econbiz.de/10012445714
challenge by raising education spending and expanding the capacity of the education system in key areas such as pre …-primary education and increasing participation in education beyond the age of 16. Nevertheless, performance on international tests of … cognitive ability remains significantly below the standards of the best performing OECD countries and the education system seems …
Persistent link: https://www.econbiz.de/10012444051
The French education system has a mixed record. A generally very successful pre-school and primary school level … contrasts with underfunded public universities with high dropout rates which exist alongside very successful higher education … institutions for elites. Initial education, especially secondary education and the universities, along with labour market policies …
Persistent link: https://www.econbiz.de/10012445499
Slovakia’s population is ageing rapidly, with the share of the working-age population expected to shrink by about a fifth in the next 30 years. Ageing-related costs are projected to increase much more strongly than in other EU countries and ageing will put pressure on potential growth and...
Persistent link: https://www.econbiz.de/10013174616
Norway will face a fast maturing old age pension scheme over the 30 next years whereas oil revenues will supply only a part of implicit liabilities related to the present generation. This working paper examines the recently proposed new measures to strengthen long term fiscal sustainability in...
Persistent link: https://www.econbiz.de/10012444156
The proportion of non-regular workers has risen to one-third of total employment. While non-regular employment provides flexibility and cost reductions for firms, it also creates equity and efficiency concerns. A comprehensive approach that includes relaxing the high degree of employment...
Persistent link: https://www.econbiz.de/10012444219
This paper provides estimates of the implicit fiscal assets as well as of the evolution over time of fiscal costs and revenues related to tax-favoured retirement saving regimes in 17 OECD countries, taking into account current and future contributions, asset accumulation and withdrawals, all of...
Persistent link: https://www.econbiz.de/10012444648
Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending. The challenge is to meet the long-run need for greater expenditures and tax revenue while sustaining strong economic...
Persistent link: https://www.econbiz.de/10012445076
In Finland, as in most OECD countries, the ageing of the population is one of the major long-term policy challenges. This paper first explores the scale of the demographic changes in Finland, the relevant institutions and their effect on the decision to retire. In light of the increase in the...
Persistent link: https://www.econbiz.de/10012445103