China has made impressive strides in education in recent decades, even though the accumulation of human capital has lagged behind that of physical capital. Going forward, access to and quality of education will be key to sustain economic convergence with the most advanced economies and to offset...

The NZ labour market is among the most flexible in the OECD, and outcomes for its young people have been among the best. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also successful and innovative in many ways. Average PISA...

On April 1, 2021, the Biden Administration announced that Secretary of Education Michael Cardona will consider whether the President has legal authority to forgive up to $50,000 per debtor in student loan debt without further Congressional action. This paper collects the leading arguments for...

This paper looks at consumer complaints about student loan lenders and servicers from the Consumer Financial Protection Bureau’s (CFPB’s) consumer complaint database. Using a novel dataset drawn from 30,678 complaints filed against 212 student loan companies, we analyze consumers’...

Financial aid to college students has been widely implemented by governments indeveloped and emerging economies in an attempt to reduce the entry barriers to highereducation (HE). Understanding the extent to which these policies enable access to HE is crucialin order to unravel the effectiveness...

School funding provides the foundation for our nation's schools. Yet, school funding in most states suffers from common shortcomings that undermine the aims of schools. These shortcomings include lower funding to districts serving students with greater needs, insufficient linkage of funding...

Recently revived “dog-whistle” political calls by the UK Labour Party to end the so-called “scandal of tax beaks for UK private schools” , combined with Labour’s robust opinion poll lead over the Conservatives in the run in towards the scheduled 2025 UK General Election, make it look...

The purpose of the article is to determine the link between investing in human cap- ital and the formation of the creative economy. Given that human capital is consid- ered both a factor in the socio-economic development of countries and a prerequisite for the formation of the creative economy...

This paper empirically analyzes the effects of immigration on the schooling decisions of natives. We employ household-level data for Spain for years 2000-2012, a period characterized by a large immigration wave and a severe recession. Our estimates reveal that Spanish households responded to...

School accountability schemes require measures of school performance, and these measures are in practice often based on pupil test scores. It is well-known that insufficiently correcting these test scores for pupil characteristics may provide incentives for inefficient pupil selection. We show...