The educational attainment of the Dutch labour force is lower than in neighbouring countries. Despite this worrying picture, and the fact that financial resources devoted to education are relatively small, it is argued that increasing public expenditure is not the obvious answer. As the social rate of return of education seems to be approximately equal to the private rate of return, external effects cannot be called upon to justify a general increase in public expenditure. Instead, the low private share in the funding of education could be increased in the Netherlands. In addition, the high number of drop-outs and the persistently low interest in science-related subjects require ongoing attention.
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Paper provided by Netherlands Central Bank, Monetary and Economic Policy Department in its series MEB Series (discontinued) with number
2003-11.
Find related papers by JEL classification: E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education I20 - Health, Education, and Welfare - - Education - - - General