This study focuses on the education sector in countries around the world to examine the impact of rising spending in this sector on key macroeconomic aggregates. To begin with, we look at the correlation between education spending and PISA test scores, as well as the correlation between teacher salaries and PISA test scores in several countries. In the second part of the study, a computable general equilibrium model is used to show the impact of increased spending in the education sector on households, government, investment, gross domestic product, and the aggregate welfare. This paper contributes to the literature by providing a detailed economic assessment of the cost of education and offers policy makers valuable insights into the complexities and potential repercussions on economic stability and social equity.

Authors:
Veronika Mitkova, Comenius University in Bratislava, Slovakia

About the Presenter(s)
Ing. Veronika Mitkova, PhD, is an associate professor at Comenius University in Bratislava, Slovakia. She is specializing in Computable General Equilibrium Modeling.

Connect on Linkedin
https://www.linkedin.com/in/veronika-mitkova-9a942b1b1

See this presentation on the full schedule – Tuesday Schedule

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