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How to achieve more and better investment in education

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Frame of Image /student effort; for example: • Time spent on homework • Effort in making sure children attend school • Time spent complaining if the school does not operate • Money spent on services like tutoring Y=f(I,e) Policy and research have focused on I, inputs • Increasing I “Of all of the investments needed to achieve sustainable development, none i s more important than a quality education for every child.” — Jeffrey Sachs (2015) on the Sustainable Development Goals • Choosing cost-effective elements of I Experimental work is “aimed at answering very basic questions about the educational production function: Does better access to inputs (textbooks, flipcharts …, lower student-teacher ratios) matter for school outcomes (attendance, test scores), and if so, by how much?” — Abhijit Banerjee and Esther Duflo (2009) Y=f(I,e) Policy and research have focused on I, inputs • This emphasis is understandable • I is measurable and subject to policymakers’ control • I can be analyzed using experiments • But e, effort, may be important too. Suppose Y=f(I,e)=I*e • → I may be largely ineffective if e is low • Hanushek (2008); Pritchett (2009) • e may be crucial to “More and better investment” What can Korea’s experience teach us about Y=f(I,e)? • If the emphasis is only on I (inputs, e.g. books, class size) • Korea may be a good—but not an unusually good—model • If we also emphasize e (student and parental effort) • Korea’s experience seems highly relevant • What affects e? • I will discuss two p


Full Text
Title How to achieve more and better investment in education
Similar Titles
Material Type Proceedings
Author(English)

Urquiola, Miguel

Publisher

[New York, U.S.] : Columbia University
Date 2016-06
Event

More and Better Investment in Global Education

Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Social Development < Education
Holding KDI School of Public Policy and Management
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