Money Counts, but So Does Timing: Public Investment and Adult Competencies

Arbeitspapier

Numeracy skills of adults within and across 12 different countries in 2011 are strongly associated with the accumulated public investments in education received by these adults during their schooling. This paper confirms existing evidence that the timing of educational investments is important, with early investments playing the most fundamental role. Investment in primary education is associated with higher numeracy scores for those who went on to continue their education. Higher investments in tertiary education are needed in order to fully realize the benefit of the investments in primary school. Family background is a decisive factor in relation to numeracy skills of these adults, in line with all available evidence. Adults who received higher public investment in primary education were more likely to complete secondary school and attain tertiary education. This refutes earlier studies indicating that the amount of financial resources available for education may not be that important for the development of competences.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 10565

Classification and Topics

• Classification: Wirtschaft ; National Government Expenditures and Education ; Education and Economic Development ; Returns to Education ; Labor Economics: General ; Human Capital; Skills; Occupational Choice; Labor Productivity
• Subject: government expenditures and education ; human capital ; education and economic development ; returns to education ; cognitive skills

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cathles, Alison ; Ritzen, Jo
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/161188
• Last update: 10.03.2025, 11:44 AM CET