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

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  • Zuzana Smidova

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.

Suggested Citation

  • Zuzana Smidova, 2019. "Educational outcomes: A literature review of policy drivers from a macroeconomic perspective," OECD Economics Department Working Papers 1577, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:1577-en
    DOI: 10.1787/990801aa-en
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    Cited by:

    1. Daniela Del Boca & Chiara Monfardini & Sarah Grace See, 2022. "Early Childcare Duration and Student' Later Outcomes in Europe," Working Papers 2022-021, Human Capital and Economic Opportunity Working Group.

    More about this item

    Keywords

    early childhood education; education; education attainment; education quality; higher education; OECD; primary school; secondary school; teacher;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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