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A fast-forward look at tertiary education attainment in Europe 2020

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  • Dragomirescu-Gaina, Catalin
  • Elia, Leandro
  • Weber, Anke

Abstract

This paper provides an answer to the question of whether Europe will be able to reach its tertiary education target by 2020. Insights into the dynamics of future education attainment and areas for effective policy interventions in the long-run are highlighted. We model the dynamics behind education decisions as a balance between investment and consumption motivations. We use a panel approach and a wide range of statistical tests to insure that model specifications are stable and robust. We find that while Europe is likely to achieve its target, there is a growing divide between best performing countries and low performers.

Suggested Citation

  • Dragomirescu-Gaina, Catalin & Elia, Leandro & Weber, Anke, 2014. "A fast-forward look at tertiary education attainment in Europe 2020," MPRA Paper 57957, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57957
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    Cited by:

    1. Debora Di Gioacchino & Laura Sabani & Stefano Usai, 2023. "Why does education expenditure differ across countries? The role of income inequality, human capital and the inclusiveness of education systems," Working Papers in Public Economics 236, Department of Economics and Law, Sapienza University of Roma.
    2. Rogge, Nicky, 2019. "EU countries’ progress towards ‘Europe 2020 strategy targets’," Journal of Policy Modeling, Elsevier, vol. 41(2), pages 255-272.
    3. Krpan Mira & Kedžo Margareta Gardijan & Žmuk Berislav, 2023. "Exploring the Link Between Education Length and Employment Outcomes among Youth in Europe: A Hierarchical Clustering Approach," Business Systems Research, Sciendo, vol. 14(2), pages 190-213, December.

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    More about this item

    Keywords

    human capital investment; tertiary education; panel data; forecasting; Europe 2020 strategy;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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