Educational outcomes: A literature review of policy drivers from a macroeconomic perspective

Zuzana Smidova

No 1577, OECD Economics Department Working Papers from OECD Publishing

Abstract: This paper reviews recent empirical literature on policy drivers of two educational outcomes - years of schooling and rates of return - that form the OECD’s aggregate measure of human capital. The paper sets the literature findings into the context of current educational polices in place in OECD countries. While much of the empirical results are mixed, depend on country and time coverage as well as estimation methods, the review identifies the following policies most likely to promote better educational outcomes: quality pre-primary education, quality teaching, accountability and autonomy of teaching institutions, comprehensive lower secondary education and availability of individual financing for the pursuit of higher education.

Keywords: early childhood education; education; education attainment; education quality; higher education; OECD; primary school; secondary school; teacher (search for similar items in EconPapers)
JEL-codes: E24 I20 I25 I26 I28 J24 (search for similar items in EconPapers)
Date: 2019-11-13
New Economics Papers: this item is included in nep-edu, nep-lma and nep-mac
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1577-en

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